Why is Palm Jewels falling/rising?

As of 04-Jul, Palm Jewels Ltd is experiencing a decline in its stock price, currently at Rs 26.26, down by Rs 1.14, which represents a decrease of 4.16%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 11.49% during this period. Despite opening with a gain of 4.01% today and reaching an intraday high of Rs 28.5, it quickly fell to a low of Rs 25.7. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, while the stock has shown a strong performance over the past year with a return of 21.35%, its recent financial indicators, including a weak CAGR growth in operating profits and low profitability per unit of shareholders' funds, suggest underlying fundamental weaknesses that may be contributing to the current price decline.
In the broader market context, Palm Jewels' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 0.74% over the past week. The stock's short-term return of -8.34% over the last week further highlights its struggles compared to the market. Although there has been a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment appears to be negative due to the company's weak long-term fundamentals and disappointing quarterly results. This combination of factors is likely influencing investor confidence and contributing to the stock's downward movement.