Why is Thangamayil Jew. falling/rising?

As of 12-Sep, Thangamayil Jewellery Ltd's stock price is rising, currently at Rs 2,196.45, reflecting an increase of Rs 45.65 or 2.12%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 2.41% today. It reached an intraday high of Rs 2,196.45, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has increased by 11.19%, while year-to-date it has risen by 15.39%. Despite a recent drop in delivery volume by 24.23%, the stock remains liquid enough for trading.
In the broader market context, Thangamayil Jewellery's short-term performance has been slightly lower than the benchmark Sensex, which gained 1.48% over the past week. However, the company's strong fundamentals, including a high return on capital employed (ROCE) of 17.06% and consistent growth in net sales and operating profit, support its positive price movement. The company has reported positive results for the last three consecutive quarters, with significant growth in profit before tax and profit after tax compared to previous averages. This consistent performance, along with a fair valuation relative to peers, contributes to investor confidence, driving the stock's recent rise.