Why is Sky Industries falling/rising?

As of 15-Jul, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 105.32, which reflects a decrease of Rs 1.88 or 1.75%. The stock has shown a trend reversal, falling after four consecutive days of gains. Today, it reached an intraday high of Rs 109.7 but also touched a low of Rs 105, indicating volatility. Despite a recent increase in investor participation, with delivery volume rising significantly, the stock has underperformed its sector by 1.88%. Over the past week, the stock has gained 6.38%, but it has a year-to-date decline of 38.77%, highlighting its struggles in the longer term. Factors such as a weak long-term fundamental strength, with a low CAGR growth in net sales and below-par performance in recent quarters, contribute to the stock's downward movement.
In the broader market context, while Sky Industries has outperformed the Sensex over the past week and month, it has significantly lagged behind in the year-to-date performance, with the Sensex gaining 5.67%. The stock's negative returns over the past year and its underperformance against the BSE500 in various time frames suggest a challenging environment for investors. Although the company has a very attractive valuation with a low PEG ratio and rising profits, the overall sentiment remains cautious due to its weak long-term growth prospects and profitability metrics.