Why is Thangamayil Jew. falling/rising?

As of 17-Sep, Thangamayil Jewellery Ltd's stock price is currently at Rs 2,185.90, reflecting an increase of Rs 37.1 or 1.73%. Today's price summary indicates that the stock has outperformed its sector by 2.25% and has experienced a trend reversal, gaining after two consecutive days of decline. It opened with a significant gain of 4.71% and reached an intraday high of Rs 2,250. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum. However, there has been a slight decrease in investor participation, with delivery volume falling by 0.87% compared to the 5-day average. The company has shown strong financial performance, with net sales growing at an annual rate of 31.63% and operating profit at 25.60%, alongside positive results for the last three consecutive quarters.
In the broader market context, Thangamayil Jewellery's short-term performance over the past week shows a slight decline of 0.14%, while the benchmark Sensex has increased by 1.56%. Despite this, the stock has demonstrated robust long-term growth, with a remarkable 268.09% increase over the past three years, significantly outperforming the Sensex's 40.54% gain in the same period. The company's high management efficiency, as indicated by a return on capital employed (ROCE) of 17.06%, and its fair valuation compared to peers further support its positive outlook. While the stock has generated a modest return of 1.37% over the past year, it has consistently outperformed the BSE500 in recent years, indicating a solid foundation for future growth despite recent fluctuations.