Why is Sky Gold & Diam. falling/rising?

As of 26-Aug, Sky Gold & Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 305.40, which reflects a decrease of Rs 2.55 or 0.83%. Today's price summary indicates that the stock touched an intraday low of Rs 300.5, showing a decline of 2.42%. Despite this, the stock has outperformed its sector by 0.78% today. Over the past week, the stock has gained 10.47%, while its one-month performance shows a modest increase of 1.29%. However, the year-to-date return is significantly negative at -22.06%. The company has demonstrated high management efficiency and consistent growth, with net sales increasing at an annual rate of 80.32% and operating profit at 120.87%. The stock's attractive valuation, trading at a discount compared to peers, and a strong return on capital employed (ROCE) of 15.52% suggest a solid long-term outlook, despite the recent price drop.
Broader market context shows that while Sky Gold & Diamonds Ltd has outperformed the Sensex by 10.47% over the past week, the broader market has seen a decline of 1.05% during the same period. This indicates that the stock's short-term performance is relatively strong compared to the benchmark. However, the falling investor participation, with a significant drop in delivery volume by 50.43% against the five-day average, may be contributing to the current price decline. The stock's liquidity remains adequate for trading, but the overall market sentiment appears to be cautious, reflected in the stock's year-to-date performance compared to the Sensex's positive return of 3.39%.