Why is Golkunda Diamond falling/rising?

As of 05-Jun, Golkunda Diamonds & Jewellery Ltd is experiencing a decline in its stock price, currently at Rs 185.00, down by Rs 2.3 or 1.23%. The stock has underperformed its sector today by 1.28% and has been on a consecutive downward trend for the last two days, with a total decline of 1.36%. It opened the day with a loss of 2.16% and reached an intraday low of Rs 180.25, reflecting a drop of 3.76%. Over the past week, the stock has decreased by 0.75%, and in the last month, it has fallen by 3.32%, contrasting with the Sensex, which has gained 0.80% during the same period. The stock is also trading below its moving averages across multiple time frames, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume down by 28.17% compared to the five-day average.
In the broader market context, Golkunda Diamonds has underperformed relative to the Sensex, which has shown a positive return of 4.23% year-to-date, while Golkunda's return is negative at -2.63%. The company faces challenges with a high Debt to EBITDA ratio of 3.11, indicating a low ability to service its debt, which may contribute to investor concerns. Furthermore, the recent financial results have shown a decline in profit before tax, profit after tax, and net sales compared to previous quarters, marking a significant downturn after five consecutive positive quarters. Despite having a high return on capital employed and attractive valuation metrics, the overall technical indicators for the stock remain bearish, suggesting that these negative factors are influencing the stock's recent performance.