Why is Sai Silks falling/rising?

As of 19-Sep, Sai Silks (Kalamandir) Ltd is experiencing a decline in its stock price, currently at Rs 162.65, reflecting a decrease of Rs 2.6 or 1.57%. The stock has underperformed its sector by 1.96% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.25% during this period. Additionally, the stock reached an intraday low of Rs 160, indicating a significant decline of 3.18%. Over the past week, the stock has fallen by 4.88%, and year-to-date, it has decreased by 4.04%. Despite positive financial results, including a 41.34% growth in PAT and a 24.07% increase in net sales, the stock's performance has been lackluster, with a one-year return of -9.56%, even as profits rose by 31.6%.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week and 5.74% year-to-date, contrasting sharply with Sai Silks' negative performance. This disparity highlights the stock's struggle to attract investor interest, as evidenced by a 35.02% decline in delivery volume compared to the five-day average. Although the company maintains a low debt-to-equity ratio and is trading at a discount relative to its peers, the overall market sentiment and the stock's recent underperformance have contributed to its declining price.