Why is Sai Silks falling/rising?

As of 03-Jul, Sai Silks (Kalamandir) Ltd is experiencing a decline in its stock price, currently at Rs 162.05, which represents a decrease of Rs 2.75 or 1.67%. The stock has underperformed its sector by 0.69% today and has fallen after seven consecutive days of gains, touching an intraday low of Rs 159.65. Despite this drop, the stock has shown strong performance over the past week and month, with returns of +14.28% and +21.11%, respectively. However, it has struggled year-to-date with a return of -4.40% and a significant decline of -17.09% over the past year. The stock is trading above its moving averages, indicating some underlying strength, but the recent profit decline of 15% alongside a negative return over the past year may be contributing to investor caution.
In the broader market context, the Sensex has shown a slight decline of 0.62% over the past week, while Sai Silks has outperformed this benchmark significantly in the same period. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting rising investor participation. However, the company's profitability issues and the recent trend reversal may be causing some investors to reassess their positions. The attractive valuation relative to peers and a low debt-to-equity ratio may provide some support, but the overall negative sentiment from the recent profit decline and stock performance may be influencing the current price movement.