Why is Radhika Jeweltec falling/rising?

As of 04-Sep, Radhika Jeweltech Ltd's stock price is currently at Rs 94.69, reflecting an increase of Rs 1.19 or 1.27%. The stock has shown a positive performance today, outperforming its sector by 1.39% and reaching an intraday high of Rs 98.32, which is a 5.16% increase. However, the stock has experienced a decline of 6.27% over the past month and a significant drop of 16.54% over the past year. Despite these declines, the company has reported strong financial metrics, including a high return on capital employed (ROCE) of 24.03% and a notable increase in profits by 28.4% over the last year, indicating a fair valuation despite its current trading price being at a premium compared to peers.
In the broader market context, Radhika Jeweltech's short-term return of 1.19% over the past week has outperformed the Sensex, which has risen by 0.80%. However, the stock's year-to-date performance shows a decline of 5.73%, contrasting with the Sensex's increase of 3.30%. The lack of domestic mutual fund investment, which stands at 0%, may signal a lack of confidence in the stock's current valuation, contributing to its underperformance relative to the market. Overall, while the stock has shown some positive movement today, its longer-term performance and investor sentiment remain concerning.