Why is Sai Silks falling/rising?

As of 28-Jul, Sai Silks (Kalamandir) Ltd is currently priced at Rs 182.10, reflecting a decrease of Rs 3.65 or 1.97%. The stock reached a new 52-week high of Rs 201.9 earlier today but has since fallen after seven consecutive days of gains. Despite opening with a gain of 3.82%, the stock has shown high volatility, trading within a wide range of Rs 21 throughout the day. Over the past week, the stock has outperformed the Sensex with a return of 7.12% compared to the benchmark's decline of 1.59%. Additionally, the company has demonstrated strong financial performance, with net sales growing by 24.07% and a significant increase in profit after tax, which rose by 40.8% compared to the previous quarter.
In the broader market context, while Sai Silks has shown positive short-term performance, it is important to note that the stock has underperformed its sector by 0.75% today. The stock's year-to-date return of 7.43% is also favorable compared to the Sensex's 3.52% increase. The company's low debt-to-equity ratio and attractive valuation, with a price-to-book value of 2.5, suggest a solid financial position, which may support future price recovery. However, the recent price drop indicates a potential profit-taking scenario after a strong rally, reflecting typical market behavior following a series of gains.