Why is Palm Jewels falling/rising?

As of 08-Jul, Palm Jewels Ltd is experiencing a decline in its stock price, currently at 25.45, reflecting a decrease of 0.46 or 1.78%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a significant drop of 14.22% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a positive return of 17.82% over the past year, the stock has underperformed in the short term, with returns of -9.14% over the last week and -6.67% over the past month. The company's weak long-term fundamentals, including a negative CAGR growth in operating profits and low profitability metrics, contribute to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Palm Jewels' significant decline. The diamond and gold jewelry sector has also faced challenges, with a reported drop of 5.75%. Furthermore, the falling investor participation, evidenced by a 28.58% decrease in delivery volume compared to the 5-day average, suggests a lack of confidence among investors. While the stock's valuation appears attractive compared to peers, the overall market conditions and the company's recent performance indicate a challenging environment for Palm Jewels Ltd, leading to its current price decline.