Why is RBZ Jewellers Lt falling/rising?

As of 04-Nov, RBZ Jewellers Ltd is experiencing a price increase, currently at Rs 160.00, which reflects a rise of Rs 12.6 or 8.55%. The stock has shown strong performance today, outperforming its sector by 5.96% and reaching an intraday high of Rs 165, marking an increase of 11.94%. Over the past week, the stock has gained 12.24%, while its one-month return stands at 18.08%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The recent surge in delivery volume, which increased by 142.34% against the 5-day average, suggests rising investor participation, contributing to the stock's upward movement.
In the broader market context, RBZ Jewellers Ltd's short-term performance contrasts sharply with the Sensex, which has declined by 1.38% over the past week. While the stock has been recovering recently, it still shows a year-to-date decline of 17.48%, compared to the Sensex's gain of 6.81% during the same period. The diamond and gold jewellery sector has also seen a positive movement, gaining 2.45%, which may be supporting RBZ Jewellers Ltd's rise. Overall, the combination of strong short-term performance, increased investor interest, and favorable sector trends appears to be driving the stock's current upward trajectory.