Why is Sky Industries falling/rising?

As of 26-Sep, Sky Industries Ltd is experiencing a decline in its stock price, currently at Rs 93.42, reflecting a decrease of Rs 1.5 or 1.58%. Today's price summary indicates that the stock opened with a gain of 3.24% but later touched an intraday low of Rs 91.25, showing significant volatility. The stock has underperformed in the past week and month, with returns of -2.72% and -4.09%, respectively. Additionally, the company has a weak long-term fundamental strength, with a return on equity averaging 9.55%, indicating low profitability. Despite a very attractive valuation with a return on capital employed of 13.2%, the stock's performance has been hindered by a significant drop in profits and a decline in net sales.
In the broader market context, Sky Industries has underperformed the benchmark, with a one-year return of -33.03% compared to the Sensex's -6.30%. This stark contrast highlights the company's struggles relative to the overall market, where the BSE500 generated negative returns of -7.63%. The falling investor participation, as evidenced by a 69.51% drop in delivery volume, further exacerbates the stock's challenges. Although the stock has shown some resilience today by outperforming its sector by 0.35%, the overall trend suggests that investor sentiment remains negative, contributing to the stock's decline.