Why is Swarnsarita Jewel falling/rising?

As of 26-Sep, Swarnsarita Jewels India Ltd is experiencing a decline in its stock price, currently at 31.02, reflecting a decrease of 0.75 or 2.36%. The stock has underperformed its sector by 0.6% today and has been on a downward trend for the last three days, accumulating a total loss of 7.24%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish sentiment. Over the past year, the stock has generated a return of -40.12%, significantly underperforming the benchmark Sensex, which has only declined by 6.30%. The company's fundamentals are concerning, with a return on capital employed (ROCE) of 7.2 and a high debt-to-EBITDA ratio of 7.12 times, suggesting weak long-term growth potential.
Broader Market Context: In the context of the broader market, Swarnsarita Jewels has underperformed significantly compared to the BSE500, which has seen a negative return of -7.63% over the past year. The stock's recent performance is compounded by a notable decrease in investor participation, with delivery volume dropping by 60.78% against the 5-day average. The company's financial health is further questioned due to a substantial pledge of 57.66% of promoter shares, which can exert additional downward pressure in a declining market. Overall, the combination of poor sales performance, high debt levels, and weak investor confidence contributes to the stock's current downward trajectory.