Why is Swarnsarita Jewel falling/rising?

As of 08-Aug, Swarnsarita Jewels India Ltd is experiencing a price increase, currently at 34.60, reflecting a rise of 0.8 or 2.37%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 4.41% during this period. Additionally, the stock has outperformed its sector by 1.2%. Over the past week, it has increased by 7.12%, while its one-month return stands at 11.58%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 50.65% compared to the 5-day average, indicating heightened interest in the stock.
In the broader market context, while Swarnsarita Jewels has shown positive short-term returns, the benchmark index, Sensex, has declined by 0.92% over the same week. This contrast highlights the stock's strong performance relative to the market. Year-to-date, however, the stock is down 15.61%, while the Sensex has gained 2.20%, indicating that despite recent gains, the stock has faced challenges earlier in the year. Overall, the combination of recent positive momentum, increased trading activity, and outperformance against the sector contributes to the stock's rising price.