Why is Sky Industries falling/rising?

As of 21-Aug, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 98.80, which reflects a decrease of Rs 1.8 or 1.79%. Today's price summary indicates that the stock has underperformed its sector by 1.23% and has fallen after four consecutive days of gains. Although it opened with a gain of 2.29% and reached an intraday high of Rs 102.9, it also touched a low of Rs 97.65 during the day. Over the past week, the stock has shown a positive return of 2.92%, but it has significantly underperformed over the last month and year, with returns of -14.69% and -31.03%, respectively. The stock's valuation appears attractive with a return on capital employed (ROCE) of 13.2, yet its profitability has been low, as indicated by a return on equity of 9.55% and a decline in profits by 1.8% over the past year.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has returned 1.74% over the past week and 4.94% year-to-date. While the market has shown resilience, Sky Industries has struggled, particularly with a year-to-date decline of 42.56%. The company's weak long-term fundamentals, including a low compound annual growth rate (CAGR) of 10.46% in net sales over the last five years and flat results in the most recent quarter, further contribute to investor concerns. This combination of underperformance relative to the market and internal financial challenges has led to a negative sentiment surrounding the stock, resulting in its current downward trend.