Why is Sover. Diamonds falling/rising?

As of 17-Nov, Sovereign Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 24.32, which reflects a decrease of Rs 1.93 or 7.35%. The stock has hit a new 52-week low of Rs 23.52 today and has been on a downward trend, having fallen consecutively for the last three days with a total decline of 7.07% during this period. Additionally, the stock has underperformed its sector by 5.88%. Over the past week, it has seen a significant drop of 8.98%, and year-to-date, the stock is down 65.25%. The stock is also trading below all its moving averages, indicating a bearish trend. There is a noted decrease in investor participation, with delivery volume falling by 9.72% against the five-day average, contributing to the stock's downward movement.
In the broader market context, the Sensex has shown a positive return of 1.69% over the past week, contrasting sharply with Sovereign Diamonds' performance. This divergence highlights the stock's struggle in a generally favorable market environment. The stock's high volatility, with an intraday fluctuation of 6.7%, further emphasizes the uncertainty surrounding it. Despite the stock's historical performance showing a significant increase over five years at 438.05%, the recent trends suggest a stark contrast, with substantial losses in the short term compared to the benchmark's positive trajectory.