Why is Uday Jewellery falling/rising?

As of 08-Jul, Uday Jewellery Industries Ltd is currently priced at 159.45, reflecting a decrease of 0.45, or 0.28%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 2.18% during this period. Despite this recent downturn, the stock has shown positive performance over the past month with a gain of 6.66%. The company has reported strong financial results, including a significant net profit growth of 1616.67% and a notable increase in net sales. However, the stock's liquidity has decreased, with delivery volume falling by 79.52% against the five-day average, which may contribute to the recent price decline.
In the broader market context, Uday Jewellery's short-term performance has underperformed compared to the benchmark, with a 1-week return of -1.85% against a slight increase of 0.02% for the Sensex. While the stock has outperformed its sector by 5.46% today, the overall market sentiment appears to be cautious, especially as the diamond and gold jewellery sector has seen a decline of 5.75%. Despite the company's strong fundamentals and attractive valuation compared to peers, concerns about long-term growth and recent drops in investor participation may be influencing the stock's current price movement.