Why is Sky Gold & Diam. falling/rising?

As of 25-Jun, Sky Gold & Diamonds Ltd is currently priced at 325.30, reflecting an increase of 11.0 or 3.5%. The stock has been gaining over the last two days, with a return of 4.83% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle in maintaining upward momentum. Despite a significant drop in delivery volume by 83.3% against the 5-day average, the company has demonstrated strong financial performance, with net sales growing at an annual rate of 75.36% and operating profit at 130.65%. The stock has also shown consistent returns over the past year, generating a return of 101.51%, while profits have risen by 227.7%, suggesting a solid underlying business performance that may support its recent price increase.
In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, as it has declined by 5.60% over the past week while the Sensex has gained 1.61%. This divergence indicates that while the stock is experiencing a positive movement today, it has faced challenges in the recent past relative to the overall market. The diamond and gold jewelry sector has seen a gain of 3.4%, which may be contributing to the stock's recent rise. However, the overall declining trend in the stock's performance over the past month and year-to-date, alongside falling investor participation, suggests that the stock's upward movement may be temporary unless sustained by continued positive financial results and improved market conditions.