Why is Sky Gold & Diam. falling/rising?

As of 09-Jul, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at 316.60, which reflects a decrease of 1.4 points or 0.44%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.64%. Despite a strong long-term performance, with a remarkable 55.63% return over the past year and a staggering 2817.97% increase over the last three years, the stock has faced challenges recently, including a significant 14.13% decline over the past month. Additionally, the stock's delivery volume has decreased by 20.43% compared to the five-day average, indicating falling investor participation.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a modest increase of 0.15% over the past week. While the company has demonstrated high management efficiency and consistent growth in net sales and operating profit, these positive factors have not been sufficient to counteract the recent price decline. The stock's moving averages indicate it is currently lower than the 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend in the short term. Overall, the combination of recent underperformance, declining investor interest, and broader market trends contributes to the stock's current downward movement.