Why is Uday Jewellery falling/rising?

As of 03-Jul, Uday Jewellery Industries Ltd is currently priced at 162.65, reflecting a slight decrease of 0.15 (-0.09%). Today’s performance indicates that the stock has outperformed its sector by 0.6%, although it has experienced a trend reversal after three consecutive days of gains. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a generally positive trend. Additionally, the stock has shown strong investor interest, with a significant increase in delivery volume, rising by 212.25% against the 5-day average. Over the past year, Uday Jewellery has generated an impressive return of 18.59%, significantly higher than the market average of 2.20%, and has reported substantial growth in net profit and sales, indicating strong financial health.
In the broader market context, while Uday Jewellery has shown a positive return of 4.94% over the past week, the benchmark Sensex has declined by 0.62%, highlighting the stock's relative strength. The company’s low debt-to-equity ratio and attractive valuation, alongside its impressive profit growth, contribute to its resilience in a fluctuating market. Despite the recent minor decline in price, the overall performance metrics and positive financial results suggest that the stock remains a strong hold for investors, reflecting confidence in its future potential.