Why is Sky Gold & Diam. falling/rising?

As of 27-Jun, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 323.95, down by Rs 3.95 or 1.2%. Today's price summary indicates that the stock has underperformed its sector by 0.5% and has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 335.85 but also touched a low of Rs 321.25, suggesting volatility within the trading day. Over the past week, the stock has shown a positive return of 1.98%, but it has underperformed over the past month with a decline of 10.98%. Despite a strong performance over the past year, where it generated a return of 106.96%, the recent trend indicates a potential reversal in momentum, compounded by a decrease in investor participation, as evidenced by an 18.47% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has shown a slight increase of 2.00% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. While the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.52% and consistent growth in net sales, the recent price movement reflects market sentiment that may be reacting to short-term volatility and declining trading volumes. The stock's fair valuation and historical performance suggest potential for recovery, but the current downward trend highlights the challenges it faces in maintaining investor confidence amidst fluctuating market conditions.