Why is Uday Jewellery falling/rising?

As of 04-Jul, Uday Jewellery Industries Ltd is currently priced at 163.00, reflecting a slight increase of 0.35 (0.22%). The stock has shown a strong performance over the past week with a return of +7.56%, despite underperforming its sector today by -0.55%. It is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by -17.25% compared to the 5-day average. The company has reported impressive financial growth, including a net profit increase of 1616.67% and consistent positive results over the last two quarters, contributing to its attractive valuation and market-beating performance with a 20.56% return over the past year.
In the broader market context, Uday Jewellery's short-term performance has significantly outpaced the benchmark, as the Sensex has declined by -0.74% over the past week. While the stock has shown resilience and growth, it is essential to note that the overall market conditions may be affecting investor sentiment, as indicated by the drop in delivery volume. Despite this, the company's strong financial results and low debt-to-equity ratio suggest a solid foundation, which could support continued interest from investors in the longer term.