Why is Sky Industries falling/rising?

As of 08-Jul, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 99.00, which reflects a decrease of Rs 2.8 or 2.75%. The stock has been underperforming, having fallen consecutively over the last two days with a total decline of 6.69%. Today's trading saw the stock reach an intraday high of Rs 104.95 and a low of Rs 97, indicating significant volatility. In terms of returns, the stock has underperformed the sector by 1.46% today and has shown a negative return of 2.37% over the past week, while it has gained 6.45% over the past month. Despite a positive return in profits of 31.3% over the past year, the stock has generated a negative return of 21.99%, indicating weak long-term performance and low profitability as evidenced by a Return on Equity of 9.55%.
Broader Market Context: The stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.02% over the past week and a gain of 1.85% over the past month. This underperformance is compounded by the company's weak long-term fundamentals, including a low CAGR growth in net sales of 6.90% over the last five years and flat results reported in March 2025. The stock's valuation appears attractive with a PEG ratio of 0.4 and a discount compared to peers, but the overall negative sentiment surrounding its recent financial results and long-term growth prospects has contributed to its current decline.