Why is Sai Silks falling/rising?

As of 01-Aug, Sai Silks (Kalamandir) Ltd is currently priced at Rs 172.00, reflecting a decrease of Rs 5.3 or 2.99%. The stock has been underperforming, having lost 8.8% over the last three days, and today it underperformed its sector by 1.39%. The stock reached an intraday high of Rs 180.85 but fell to a low of Rs 171, indicating significant volatility. Despite a positive trend over the past month with a return of 12.23%, the stock has seen a decline of 7.40% over the past week. Additionally, the delivery volume has decreased significantly, falling by 77.11% against the 5-day average, suggesting a drop in investor participation. While the company has a low debt-to-equity ratio and has shown growth in net sales and profit after tax, these positive factors have not been sufficient to counteract the recent price decline.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 1.06% over the same week. Although Sai Silks has generated a modest return of 1.33% over the past year, the benchmark has performed better with a decline of only 1.55%. The company's attractive valuation, indicated by a low PEG ratio and a price-to-book value discount compared to peers, suggests potential for recovery; however, the recent price movements and falling investor interest indicate that market sentiment may currently be negative.