Why is Thangamayil Jew. falling/rising?

As of 08-Sep, Thangamayil Jewellery Ltd's stock price is currently at Rs 2,186.95, reflecting a decrease of Rs 5.9 or 0.27%. Today, the stock opened with a gain of 2.14% and reached an intraday high of Rs 2,239.85. However, despite this initial upward movement, the stock has seen a decline, with a significant drop in delivery volume by 63.51% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 2.43%, while it has shown a positive return of 10.79% over the last month and 14.89% year-to-date. The company has demonstrated strong financial performance with a high return on capital employed and consistent growth in net sales and operating profit, but it has also faced a decline in profits over the past year. In the broader market context, the Sensex has increased by 0.53% over the past week, contrasting with Thangamayil's decline, suggesting that the stock is underperforming relative to the benchmark. While the stock has outperformed the BSE500 over the last three years, the recent drop in investor participation and the decline in profits may be contributing to the current price movement. Despite the stock trading at a discount compared to its peers and maintaining a fair valuation, the combination of falling delivery volumes and recent profit declines may be causing investors to reassess their positions, leading to the current downward trend in the stock price.