Why is Swarnsarita Jewel falling/rising?

As of 02-Jul, Swarnsarita Jewels India Ltd is currently priced at 30.00, reflecting a decrease of 0.6, or 1.96%. The stock has underperformed its sector by 2.26% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has shown a modest gain of 1.01%, but it has significantly underperformed over the past month with a decline of 7.66%. The company's recent financial performance has raised concerns, as it reported an operating loss and a substantial drop in both profit after tax and net sales compared to previous quarters. Additionally, a high percentage of promoter shares are pledged, which can exert further downward pressure on the stock price in a declining market.
In the broader market context, the Sensex has gained 0.79% over the past week, contrasting with Swarnsarita's modest gain, highlighting its underperformance relative to the benchmark. While the stock has generated a positive return of 4.82% over the past year, its year-to-date performance is notably poor at -26.83%, indicating ongoing challenges. The company's weak long-term growth prospects, evidenced by a low annual sales growth rate and a high debt-to-EBITDA ratio, contribute to a negative outlook. Overall, the combination of operational losses, declining sales, and high promoter share pledges suggests that the stock is facing significant headwinds, leading to its current downward price movement.