Why is Thangamayil Jew. falling/rising?

As of 07-Nov, Thangamayil Jewellery Ltd's stock price is rising, currently at Rs 3,384.90, reflecting an increase of Rs 307.7 or 10.0%. The stock has recently reached a new 52-week and all-time high, outperforming its sector by 9.93%. It has shown impressive performance over the past six days, gaining 65.24% during this period. Additionally, the stock has generated significant returns over various time frames, including a 70.82% increase over the past year and a staggering 593.02% over the last three years. The company's strong fundamentals, including a 28% growth in net profit and consistent positive quarterly results, contribute to its bullish momentum. Furthermore, institutional investors have increased their stake, indicating confidence in the company's future prospects.
In the broader market context, while Thangamayil Jewellery Ltd has experienced substantial gains, the benchmark Sensex has seen a decline of 0.86% over the past week. This stark contrast highlights the stock's strong performance relative to the market. Despite a slight decrease in delivery volume, the stock remains liquid enough for trading, and its consistent returns over the last three years further emphasize its resilience. The attractive valuation, as indicated by its PEG ratio of 0.8 and a solid return on capital employed, suggests that the stock is trading at a discount compared to its peers, reinforcing investor interest and contributing to its rising price.