Why is Sky Gold & Diam. falling/rising?

As of 31-Jul, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at 289.05, which reflects a decrease of 6.4 points or 2.17%. The stock has been underperforming, having lost 5.46% over the last three days and opened with a loss of 2.13% today. It has consistently traded below its moving averages across various time frames, indicating a bearish trend. Additionally, investor participation has diminished, with delivery volume dropping by 41.78% compared to the five-day average. Despite these short-term challenges, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 80.32% and operating profit at 120.87%. The company has also reported positive results for nine consecutive quarters, which may provide some support for the stock in the long run.
In the broader market context, Sky Gold & Diamonds Ltd has underperformed the Sensex, with a one-week return of -6.38% compared to the benchmark's -1.22%. This trend of underperformance is evident in the one-month returns as well, where the stock has declined by 7.93% while the Sensex has fallen by only 3.00%. Although the company has shown impressive returns over the past year and three years, the recent price movement suggests that short-term pressures are outweighing the positive long-term fundamentals. The stock's attractive valuation and high management efficiency may not be sufficient to counteract the current negative sentiment in the market.