Why is Sky Industries falling/rising?

As of 04-Aug, Sky Industries Ltd is currently priced at 106.45, reflecting a rise of 0.4 (0.38%). The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past week with a return of -3.14%, while it has slightly outperformed the sector today by 1.37%. The stock's performance over the last year has been negative at -4.79%, although it has seen a significant profit increase of 31.3%, leading to a favorable PEG ratio of 0.5. The company’s valuation appears attractive with a return on capital employed (ROCE) of 13.1 and a low enterprise value to capital employed ratio of 1.7, indicating it is trading at a discount compared to its peers.
In the broader market context, the Sensex has shown a slight gain of 0.16% over the past week, contrasting with Sky Industries' decline. The stock's liquidity is adequate for trading, but there has been a noted decrease in investor participation, with delivery volume falling by 4.83% against the five-day average. While the company has demonstrated weak long-term fundamental strength with a low CAGR growth in net sales and average return on equity, the recent price movement may be influenced by the attractive valuation metrics and the recent profit growth, which could signal potential recovery despite the overall negative trends in the stock's performance.