Why is Thangamayil Jew. falling/rising?

As of 12-Nov, Thangamayil Jewellery Ltd is experiencing a price increase, currently at Rs 3,368.55, reflecting a rise of Rs 117.15 or 3.6%. The stock has shown strong performance recently, gaining 6.57% over the last two days and outperforming its sector by 2.54%. It is also close to its 52-week high, just 1.86% away from Rs 3,431.15. Over the past week, the stock has surged by 10.77%, and its year-to-date return stands at an impressive 76.96%. Positive factors contributing to this upward movement include high management efficiency, consistent growth in net sales and profits, and a favorable valuation compared to peers. Additionally, institutional investors have increased their stake, indicating growing confidence in the company's fundamentals.
In the broader market context, Thangamayil Jewellery Ltd has significantly outperformed the benchmark Sensex, which has only increased by 1.21% over the past week. The stock's strong returns over various periods, including a remarkable 585.26% increase over the last three years, further highlight its robust performance relative to the market. Despite a recent decline in investor participation, as evidenced by a 63.39% drop in delivery volume, the overall positive financial results and increasing institutional interest suggest that the stock remains attractive to investors.