Why is Swarnsarita Jewel falling/rising?

As of 30-Jun, Swarnsarita Jewels India Ltd is experiencing a decline in its stock price, currently at 30.00, which reflects a decrease of 0.42 or 1.38%. The stock has underperformed its sector by 1.99% today and has been on a downward trend, falling consecutively for the last two days with a total decline of 3.82%. Over the past week, the stock has decreased by 0.33%, and it has significantly underperformed the benchmark Sensex, which has risen by 2.09% during the same period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. While the company has a relatively attractive valuation with a ROCE of 7.2 and a PEG ratio of 1, it is facing challenges such as operating losses, a high debt-to-EBITDA ratio, and a decline in net sales and profit after tax, which contribute to its weak long-term fundamental strength.
Broader market context shows that while the Sensex has gained 2.65% over the past month and 7.00% year-to-date, Swarnsarita Jewels has seen a significant decline of 18.92% in the last month and 26.83% year-to-date. The high percentage of pledged promoter shares (57.66%) adds to the downward pressure on the stock in a falling market, further exacerbating investor concerns. Despite a rise in delivery volume, indicating increased investor participation, the overall sentiment remains negative due to the company's financial struggles and poor growth prospects, leading to the stock's current downward trajectory.