Why is Sky Industries falling/rising?

As of 03-Jul, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 99.25, which reflects a decrease of Rs 2.96 or 2.9%. The stock has underperformed its sector by 3.89% today and has seen a trend reversal after five consecutive days of gains. It touched an intraday low of Rs 96.55, indicating a significant drop of 5.54%. Despite a positive performance over the past week (+4.44%) and month (+13.57%), the year-to-date return is notably negative at -42.30%. The company has a Return on Capital Employed (ROCE) of 13.1, suggesting an attractive valuation, yet it faces challenges with a low average Return on Equity (ROE) of 9.55%, indicating weak profitability per unit of shareholders' funds.
In the broader market context, while the Sensex has shown a slight decline of 0.62% over the past week, Sky Industries' short-term performance has been relatively stronger. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 6.53%. The company's recent flat results, including the lowest net sales and profit before tax figures, have raised concerns about its long-term fundamental strength, contributing to the current downward pressure on the stock price. Despite rising investor participation with an increase in delivery volume, the overall sentiment appears cautious, reflecting the stock's struggle against both its historical performance and market expectations.