Why is Golkunda Diamond falling/rising?

As of 22-Sep, Golkunda Diamonds & Jewellery Ltd is experiencing a price increase, currently at Rs 172.00, reflecting a rise of 1.3 (0.76%). The stock has shown a performance today that outperformed its sector by 1.16%, indicating a positive short-term movement after two consecutive days of decline. However, it remains 3.81% away from its 52-week low of Rs 165.45. Over the past week, the stock has gained 1.24%, although it has underperformed over the longer term, with a year-to-date decline of 9.47% and a significant drop of 39.71% over the past year. Despite these challenges, the company boasts a high return on capital employed (ROCE) of 16.76% and a healthy long-term growth rate in operating profit of 34.21%, suggesting strong management efficiency and attractive valuation compared to peers.
In the broader market context, Golkunda's recent performance contrasts with the Sensex, which has gained 0.46% over the past week. While the stock has shown some resilience in the short term, its long-term performance remains concerning, as it has underperformed the BSE500 index over various time frames. The decline in investor participation, evidenced by a 34.66% drop in delivery volume, coupled with flat results in recent financial periods, raises questions about sustained interest in the stock. Overall, while there are positive indicators regarding management efficiency and valuation, the stock's historical performance and recent trading activity suggest caution among investors.