Why is Sky Gold & Diam. falling/rising?

As of 19-Aug, Sky Gold & Diamonds Ltd is currently priced at 276.45, reflecting a decrease of 0.45, or 0.16%. The stock has underperformed its sector today by 0.59% and has experienced a trend reversal, falling after two consecutive days of gains. Additionally, the stock's delivery volume has decreased significantly, down 32.64% from the 5-day average, indicating falling investor participation. Over the past week, the stock has gained 1.15%, but it has seen a substantial decline of 15.55% over the past month and a year-to-date drop of 29.45%. 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 reported positive results for the last nine consecutive quarters, which may support its valuation despite the recent price decline.
In the broader market context, the stock's short-term performance of +1.15% over the past week is notably lower than the benchmark Sensex, which has increased by 1.76% in the same period. This underperformance highlights the stock's struggles relative to the overall market. While the company has shown consistent returns over the last three years and has a strong management efficiency with a high return on capital employed (ROCE), the recent price movement suggests that investors may be reacting to the short-term volatility and declining participation in the stock.