Why is Radhika Jeweltec falling/rising?

As of 18-Aug, Radhika Jeweltech Ltd is experiencing a price increase, currently at Rs 95.00, reflecting a rise of 3.0 or 3.26%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 1.52% and reached an intraday high of Rs 95.9, which is a 4.24% increase. Despite this positive movement, the stock has shown a decline of 4.34% over the past month and 5.43% year-to-date. However, the company has demonstrated strong financial metrics, including a high return on capital employed (ROCE) of 24.03% and a low debt-to-equity ratio of 0.10, suggesting a solid financial foundation that supports its recent price movement.
In the broader market context, Radhika Jeweltech's short-term performance contrasts with the benchmark, as it has declined by 3.06% over the past week while the Sensex has gained 0.83%. This divergence highlights the stock's recent struggles despite its long-term outperformance, including a remarkable 204.58% return over the past three years. The falling investor participation, indicated by a decrease in delivery volume, may also contribute to the stock's volatility. Nevertheless, the company's consistent returns and positive financial indicators suggest that the recent price increase could be a response to its underlying strengths, even as it navigates short-term challenges.