Why is Uday Jewellery falling/rising?

As of 07-Jul, Uday Jewellery Industries Ltd is experiencing a decline in its stock price, currently at Rs 159.90, which reflects a decrease of Rs 3.1 or 1.9%. Today's performance indicates that the stock underperformed its sector by 1.79%, with an intraday low of Rs 157.75, marking a drop of 3.22%. Despite this, the stock has shown positive trends in the longer term, with returns of 1.20% over the past week and 6.96% over the past month, outperforming the Sensex, which has seen a decline of 0.20% and an increase of 1.53%, respectively. The company has reported strong financial results, including a significant growth in net profit and sales, which has contributed to its attractive valuation compared to peers. However, concerns about long-term growth persist due to a slower annual growth rate in operating profit over the last five years.
In the broader market context, Uday Jewellery's recent performance has been relatively strong, with a 19.19% return over the past year, significantly higher than the BSE500's return of 1.74%. This indicates that while the stock is currently facing a short-term decline, its overall performance has been robust compared to the market. The rising investor participation, as evidenced by increased delivery volume, suggests ongoing interest in the stock despite today's downturn. The company's low debt-to-equity ratio and consistent positive results over the last two quarters further support its potential for recovery, although the market's reaction today reflects some caution among investors regarding its long-term growth prospects.