Why is Sky Gold & Diam. falling/rising?

As of 11-Jul, Sky Gold & Diamonds Ltd is currently priced at 318.70, reflecting a decrease of 4.5 or 1.39%. The stock has shown a mixed performance recently, with a 1-week return of +0.50% while experiencing a significant decline of -15.24% over the past month. Today's trading saw the stock touch an intraday low of Rs 316.05, indicating a downward trend, and the weighted average price suggests that more volume was traded close to this low. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 42.31% compared to the 5-day average. Despite these challenges, the company has demonstrated strong management efficiency and healthy long-term growth, with net sales growing at an annual rate of 75.36% and a consistent track record of positive results over the last eight quarters.
In the broader market context, the stock has outperformed the Sensex by 0.46% today, but it has underperformed over the longer term, with a year-to-date return of -18.67% compared to the Sensex's +5.58%. While the stock has generated a substantial return of 42.10% over the past year, the recent decline in price and investor participation may be contributing to a cautious sentiment among investors. The attractive valuation metrics, including a low PEG ratio of 0.2 and a high return on capital employed, suggest potential for recovery; however, the current downward movement indicates that investors may be weighing these positive factors against the recent performance and market conditions.