Why is Radhika Jeweltec falling/rising?

As of 05-Sep, Radhika Jeweltech Ltd's stock price is currently at 94.43, reflecting a decrease of 0.26, or 0.27%. The stock has shown a mixed performance recently, with a 1-week return of +1.43%, indicating some short-term strength, but it has underperformed over the longer term with a 1-month decline of -7.30% and a year-to-date drop of -5.99%. Today's trading activity shows a notable increase in investor participation, with delivery volume rising by 97.83% compared to the 5-day average. The company has a low debt-to-equity ratio of 0.10 times and has reported strong financial metrics, including a high return on capital employed (ROCE) of 24.03% and significant profit growth of 28.4% over the past year. However, the stock is trading at a premium compared to its peers, and the absence of domestic mutual fund investment may signal caution among institutional investors.
Broader market context indicates that while Radhika Jeweltech has outperformed the sector by 0.29% today, it has significantly lagged behind the broader market over the past year, with a return of -16.36% compared to the BSE500's decline of only -4.41%. This underperformance raises concerns about the stock's attractiveness relative to the market, especially given the lack of domestic mutual fund interest. Despite the company's solid financial performance and rising investor participation, the overall sentiment appears cautious, reflecting the challenges it faces in regaining investor confidence and aligning with broader market trends.