Why is Golkunda Diamond falling/rising?

As of 23-Sep, Golkunda Diamonds & Jewellery Ltd is currently priced at Rs 173.90, reflecting an increase of Rs 1.45 or 0.84%. The stock has shown a positive performance today, outperforming its sector by 1.42% and has been gaining for the last two days, with a total return of 1.87% during this period. However, it is still 4.86% away from its 52-week low of Rs 165.45. Despite the recent gains, the stock has a year-to-date return of -8.47% and a significant decline of -39.62% over the past year, indicating a challenging performance overall. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 16.76% and healthy long-term growth, as evidenced by an annual operating profit growth rate of 34.21%. However, it has also faced negative factors, including a -31.14% decline in profit after tax over the latest six months and a general underperformance compared to the BSE500 index.
In the broader market context, Golkunda Diamonds has outperformed the Sensex in the short term, with a 1-week return of +0.84% compared to the Sensex's -0.34%. This indicates that while the stock is experiencing a slight rise, the overall market sentiment may not be as favorable. The stock's liquidity appears to be adequate, although there has been a notable decline in investor participation, with delivery volume dropping by 49.72% against the 5-day average. This decline in participation may suggest cautious sentiment among investors despite the stock's recent gains. Overall, while Golkunda Diamonds has shown some positive short-term movements, its long-term performance remains concerning, which could impact future investor confidence.