Why is Thangamayil Jew. falling/rising?

As of 19-Sep, Thangamayil Jewellery Ltd's stock price is currently at 2,171.80, reflecting an increase of 11.6 points or 0.54%. The stock has outperformed its sector today by 1.92%, although it has shown a decline of 1.12% over the past week. In the longer term, the stock has demonstrated strong performance with a 7.98% increase over the last month and a remarkable 264.79% rise over the past three years. Despite a recent drop in delivery volume by 19.17% against the five-day average, the stock remains liquid enough for trading. The company has reported positive results for the last three consecutive quarters, with significant growth in profit before tax and profit after tax, indicating strong management efficiency and healthy long-term growth prospects.
In the broader market context, while the Sensex has gained 0.88% over the past week, Thangamayil Jewellery's short-term performance has lagged behind this benchmark. However, the stock has outperformed the Sensex over the past month and year-to-date, suggesting a solid long-term trajectory despite recent fluctuations. The stock is trading at a discount compared to its peers, which may attract investors looking for value. Overall, the combination of consistent returns, high management efficiency, and positive growth indicators supports the stock's recent upward movement, even as it faces challenges such as declining investor participation.