Why is Sky Industries falling/rising?

As of 08-Aug, Sky Industries Ltd's stock price is currently at 104.00, reflecting a decrease of 0.35, or 0.34%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 2.3% during this period. Although the stock has outperformed its sector by 0.54% today, it is important to note that the delivery volume has significantly decreased, falling by 48.64% compared to the 5-day average, indicating reduced investor participation. In terms of returns, the stock has experienced a 1.93% decline over the past week, while it has gained 5.05% over the past month. However, its year-to-date performance remains concerning, with a substantial drop of 39.53%.
In the broader market context, the Sensex has shown a decline of 0.92% over the past week, which is less severe than Sky Industries' performance. While the stock's year-to-date performance is significantly worse than the benchmark's 2.20% gain, it has managed to keep pace over the longer term, with a 3-year return of 35.33% compared to the Sensex's 35.69%. This suggests that while Sky Industries has faced recent challenges, it has historically performed well relative to the market over longer periods. The current liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value.