Why is Sover. Diamonds falling/rising?

As of 13-Oct, Sovereign Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 28.51, which represents a decrease of Rs 1.06 or 3.58%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 6.46% during this period. It is also trading close to its 52-week low, just 0.07% away from Rs 28.49. Despite opening with a gain of 2.37% today and reaching an intraday high of Rs 30.27, the stock ultimately closed lower. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in delivery volume by 44.4% against the 5-day average, the overall performance remains weak.
In the broader market context, the stock's performance over the past week shows a decline of 5.72%, while the benchmark Sensex has gained 0.66%. This underperformance is further highlighted by the year-to-date return of -59.26% for Sovereign Diamonds compared to a positive 5.36% for the Sensex. The stock's recent struggles, coupled with its significant drop over the year and the lack of positive factors in the dashboard, suggest that investor sentiment is currently negative, contributing to the ongoing decline in its price.