Why is Sky Gold & Diam. falling/rising?

As of 05-Aug, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 258.85, which represents a decrease of Rs 13.6 or 4.99%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 15.34% 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 a significant increase in delivery volume, which rose by 186.52% against the 5-day average, the stock's performance today has underperformed its sector by 5.92%. Year-to-date, the stock has seen a substantial decline of 33.94%, contrasting sharply with its 1-year return of 30.73%.
In the broader market context, the Sensex has only decreased by 0.77% over the past week, while Sky Gold & Diamonds Ltd has seen a much steeper decline of 14.60% in the same timeframe. This indicates that the stock is not only underperforming relative to the market but also facing significant challenges compared to its historical performance, as evidenced by its year-to-date losses. The stark contrast between the stock's performance and the benchmark highlights the ongoing struggles of Sky Gold & Diamonds Ltd amidst a generally stable market environment.