Why is Palm Jewels falling/rising?

As of 25-Jun, Palm Jewels Ltd's stock price is currently at 30.47, reflecting an increase of 0.48 or 1.6%. The stock has been gaining for the last two days, with a total return of 4.53% during this period. Although it underperformed its sector by 1.79% today, it has shown strong performance over the past week, with a return of 5.32%, and a year-to-date return of 7.67%. The stock is trading at a discount compared to its peers' average historical valuations, and its attractive valuation is supported by a Return on Capital Employed (ROCE) of 4.7 and a PEG ratio of 0.9. However, the company has faced challenges, including a weak long-term fundamental strength indicated by a -0.25% CAGR growth in operating profits over the last five years and a low average Return on Equity of 2.96%.
Broader market context shows that while Palm Jewels has outperformed the broader market significantly over the past year, generating a return of 35.91% compared to the BSE 500's 3.43%, it has also been impacted by recent flat results, including a notable decline in net sales. The diamond and gold jewellery sector has gained by 3.4%, indicating some positive momentum in the market, but the stock's liquidity remains adequate for trading. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests growing interest, yet the company's ability to service its debt remains a concern, which could affect future performance.