Why is Radhika Jeweltec falling/rising?

As of 18-Sep, Radhika Jeweltech Ltd's stock price is currently at 93.06, reflecting a decrease of 1.85, or 1.95%. The stock has underperformed its sector today by 1.73%, with an intraday low of Rs 92.12, marking a decline of 2.94%. Over the past week, the stock has seen a slight decrease of 0.37%, and it has significantly underperformed the benchmark Sensex over the past month and year, with returns of -2.04% and -26.17%, respectively. Despite a strong performance over the longer term, with a 3-year return of 184.24%, the recent negative trends and the fact that domestic mutual funds hold no stake in the company may indicate a lack of confidence in its current valuation. The company does have a low debt-to-equity ratio and has reported positive financial metrics, such as a high return on capital employed and profit growth, but these factors have not translated into positive stock performance recently.
In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the past month, contrasting sharply with Radhika Jeweltech's negative returns during the same periods. This divergence suggests that while the overall market is experiencing growth, Radhika Jeweltech is struggling to keep pace, which may be contributing to investor hesitation. The stock's performance over the last year, with a decline of 26.17% compared to the market's slight negative return, further emphasizes its underperformance. The rising investor participation, indicated by a significant increase in delivery volume, could suggest some interest in the stock, but the overall sentiment remains cautious given the lack of institutional support and the company's recent struggles against market benchmarks.