Why is Swarnsarita Jewel falling/rising?

As of 25-Jul, Swarnsarita Jewels India Ltd is experiencing a decline in its stock price, currently at Rs 33.89, which represents a decrease of Rs 1.11 or 3.17%. Today's price summary indicates that the stock has underperformed its sector by 2.39% and has fallen after five consecutive days of gains. The stock reached an intraday low of Rs 32.6, reflecting a significant drop of 6.86%. Despite a strong performance over the past year with a return of 16.86%, the company is facing challenges, including operating losses and a high debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. Additionally, 57.66% 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 stock has outperformed the benchmark Sensex over the past week and month, with returns of 10.82% and 14.11%, respectively, while the Sensex has shown negative returns of -0.36% and -1.56%. However, the stock's year-to-date performance is concerning, with a decline of 17.34%, contrasting with the Sensex's gain of 4.25%. This divergence highlights the stock's volatility and the impact of its underlying financial issues, which may be causing investor caution despite its previous strong performance relative to the market.