Why is Sky Gold & Diam. falling/rising?

As of 01-Aug, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 274.60, which reflects a decrease of Rs 14.45 or 5.0%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 10.19% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company reporting strong financial performance with a high return on capital employed (ROCE) of 15.52% and significant growth in net sales and operating profit, the stock's recent performance has been negatively impacted by a substantial drop in investor participation, with delivery volume decreasing by 57.93% against the 5-day average.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a 1-week decline of 8.92% compared to the Sensex's 1.06% drop. Over the past month, the stock has decreased by 12.53%, while the benchmark has only fallen by 3.70%. Although the company has demonstrated consistent returns over the last three years and has outperformed the BSE500 in each of the last three annual periods, the current market sentiment appears to be weighing heavily on its stock price, overshadowing its positive long-term growth metrics and attractive valuation relative to peers.