Why is Sky Industries falling/rising?

As of 25-Jul, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 104.00, reflecting a decrease of Rs 4.85 or 4.46%. Today, the stock opened with a gain of 2.89% but has since underperformed its sector by 1.46%. It reached an intraday high of Rs 113 but also touched a low of Rs 102.11, indicating high volatility with a wide trading range of Rs 10.89. Over the past week, the stock has fallen by 11.86%, while its year-to-date performance shows a significant decline of 39.53%. Despite a 31.3% rise in profits over the past year, the stock has generated a return of -5.33%, and its weak long-term fundamental strength, indicated by a low Return on Equity and flat results in the latest quarter, may be contributing to the current price drop.
In the broader market context, the Sensex has only decreased by 0.36% over the past week, highlighting that Sky Industries' decline is more pronounced than the overall market trend. The stock's performance over the past month shows a positive return of 10.27%, contrasting sharply with its year-to-date decline, which suggests that recent volatility and investor participation are negatively impacting its price. The falling delivery volume, which has decreased by 70.67% against the five-day average, further indicates reduced investor interest, contributing to the stock's downward movement.