Why is Thangamayil Jew. falling/rising?

As of 05-Sep, Thangamayil Jewellery Ltd's stock is currently priced at 2,192.85, reflecting an increase of 8.8 points or 0.4%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume by 45.8% against the 5-day average, the stock has outperformed its sector by 0.96% today. Over the past month, it has risen by 14.42%, and year-to-date, it has increased by 15.20%. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 17.06% and consistent growth in net sales and operating profit, which has positively influenced investor sentiment.
In the broader market context, while Thangamayil Jewellery Ltd has outperformed the Sensex in the short term, with a 1-week return of -2.97% compared to the Sensex's +1.13%, it has shown resilience with consistent returns over the past three years. The stock's performance has been bolstered by positive quarterly results, including significant growth in profit before tax and profit after tax compared to previous averages. Despite a slight decline in profits over the past year, the stock is trading at a discount relative to its peers, indicating potential for future growth. Overall, the combination of strong fundamentals and recent positive price movement suggests a favorable outlook for the stock.