Why is Sky Gold & Diam. falling/rising?

As of 30-Jul, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at 295.45, reflecting a decrease of 7.65 points or 2.52%. The stock has underperformed its sector by 2.53% today and has been on a downward trend for the last two days, accumulating a total decline of 3.37%. Additionally, the stock has shown negative returns over the past week and month, with declines of 9.08% and 6.01%, respectively. Despite a strong performance over the past year with a return of 37.35%, the stock's recent movement is influenced by lower trading volumes and a consistent underperformance against its moving averages, indicating bearish sentiment among investors.
In the broader market context, the Sensex has only declined by 1.50% over the past week, suggesting that Sky Gold & Diamonds Ltd's performance is lagging behind the overall market. This underperformance is compounded by a significant drop in investor participation, with delivery volumes falling by nearly 57% compared to the five-day average. While the company has demonstrated strong management efficiency and healthy long-term growth metrics, including a high return on capital employed and consistent profit increases, these positive factors have not been sufficient to counteract the recent negative price movements and investor sentiment.