Why is Sky Gold & Diam. falling/rising?

As of 23-Jul, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 324.95, which reflects a decrease of Rs 17.1 or 5.0%. Today's price summary indicates that the stock has underperformed its sector by 5.03% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 324.95. Despite a strong performance over the past year with a return of 51.52%, the stock is down 17.07% year-to-date. The company has shown healthy long-term growth, with net sales increasing at an annual rate of 75.36% and operating profit at 130.65%. However, the recent price drop may be influenced by the stock trading lower than its 5-day, 50-day, 100-day, and 200-day moving averages, despite being higher than the 20-day moving average.
In the broader market context, the stock's short-term return of +1.55% over the past week outperformed the Sensex, which only gained +0.11%. However, the year-to-date performance shows a stark contrast, with the stock down 17.07% compared to the Sensex's increase of 5.87%. This divergence suggests that while the stock has had periods of strong performance, recent trends indicate a struggle to maintain momentum in the face of broader market conditions. The rising investor participation, with a significant increase in delivery volume, may suggest that investors are still interested in the stock despite the recent downturn.