Why is Sky Gold & Diam. falling/rising?

As of 16-Jul, Sky Gold & Diamonds Ltd is currently priced at 320.00, reflecting a decline of 5.45, or 1.67%. Today's price summary indicates that the stock has underperformed its sector by 1.71% and has experienced a trend reversal, falling after two consecutive days of gains. The stock reached an intraday low of Rs 318.05, down 2.27%. Over the past week, the stock has shown a modest increase of 1.07%, but it has significantly underperformed over the past month with a decline of 16.20%. Despite this recent downturn, the company has demonstrated strong fundamentals, including a high return on capital employed (ROCE) of 15.52%, consistent positive results over the last eight quarters, and impressive growth in net sales and operating profit.
Broader Market Context: In comparison to the benchmark, the Sensex has declined by 1.08% over the past week, suggesting that the stock's short-term performance is relatively better than the broader market. However, the stock's year-to-date performance shows a significant decline of 18.34%, contrasting with the Sensex's gain of 5.75%. This disparity highlights the stock's volatility and potential concerns among investors despite its strong long-term growth metrics and attractive valuation relative to peers. The rising investor participation, indicated by a 76.28% increase in delivery volume, may suggest that some investors are still optimistic about the company's future, but the recent price drop indicates caution in the market.