Why is RBZ Jewellers Lt falling/rising?

As of 28-Jul, RBZ Jewellers Ltd is currently priced at Rs 137.20, reflecting an increase of Rs 1.05 or 0.77%. The stock has shown a trend reversal, gaining after six consecutive days of decline, and it outperformed its sector by 2.63% today. Despite this positive movement, the stock has underperformed in the short term, with a 1-week return of -2.87% compared to the Sensex's -1.59% and a 1-month return of -6.03% against the benchmark's -3.77%. Additionally, the stock is trading below its moving averages across various time frames, indicating potential weakness. On a positive note, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 28.10% and operating profit at 34.30%, alongside a low debt-to-equity ratio. However, there is a concern regarding falling participation from institutional investors, who have reduced their stake by 0.61%, which may impact market confidence.
In the broader market context, while RBZ Jewellers Ltd has shown a slight uptick today, its year-to-date performance remains significantly negative at -29.24%, contrasting sharply with the Sensex's positive return of 3.52%. This disparity highlights the challenges the company faces in attracting investor interest, especially given the recent decline in institutional holdings. The overall sector, specifically diamond and gold jewellery, has also faced a downturn, falling by 2.08%, which may contribute to the cautious sentiment surrounding RBZ Jewellers Ltd. The combination of declining institutional interest and sector performance suggests that while there may be short-term gains, the stock's long-term outlook remains uncertain amidst broader market pressures.