Why is Golkunda Diamond falling/rising?

As of 01-Sep, Golkunda Diamonds & Jewellery Ltd is experiencing a price increase, currently at Rs 170.70, reflecting a rise of 2.65 (1.58%). The stock has shown some positive momentum today, having outperformed its sector by 1.72% and reversing a two-day decline. Despite this uptick, Golkunda Diamonds is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -21.25%, indicating a significant decline, while its profits have decreased by 10.2%. However, the company demonstrates high management efficiency with a return on capital employed (ROCE) of 16.76% and has shown healthy long-term growth with an annual operating profit increase of 34.21%.
In the broader market context, Golkunda Diamonds has underperformed the Sensex, which has seen a decline of 1.56% over the past week, while Golkunda's stock has decreased by only 0.47%. This suggests that the stock's recent rise may be a reaction to its relatively better performance compared to the broader market. Additionally, the stock has been trading at a discount compared to its peers' historical valuations, which could attract investors despite its recent poor performance. The increase in delivery volume by 40.42% on August 29 indicates rising investor participation, which may support the stock's current upward movement.