Why is Sai Silks falling/rising?

As of 23-Sep, Sai Silks (Kalamandir) Ltd is experiencing a decline in its stock price, currently at Rs 156.55, reflecting a decrease of Rs 1.9 or 1.2%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.92% during this period. Despite opening with a gain of 7.6% today and reaching an intraday high of Rs 170.5, the overall performance has been negative, with the stock underperforming its sector by 0.34%. Additionally, the stock's returns over the past week, month, and year have been significantly lower than the benchmark Sensex, with declines of 4.46%, 15.95%, and 17.82%, respectively. The stock's liquidity appears adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 14.65% compared to the five-day average.
In the broader market context, the Sensex has shown a slight increase of 0.98% over the past month, contrasting with Sai Silks' substantial decline. While the company has demonstrated positive financial metrics, such as a growth in net sales and profits, the stock's performance has not reflected these improvements, as indicated by its negative returns over various periods. The company's low debt-to-equity ratio and attractive valuation compared to peers suggest potential for recovery; however, the current market sentiment and recent volatility have contributed to the stock's downward trend.