Why is Palm Jewels falling/rising?

As of 09-Jul, Palm Jewels Ltd is currently priced at 26.01, reflecting an increase of 0.56 or 2.2%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 2.35% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weaker performance over the short term. Despite a strong one-year return of 20.98%, the stock has experienced a significant decline of 12.34% over the past week and 5.56% over the past month. The company's attractive valuation, with a low PEG ratio of 0.8 and a return on capital employed (ROCE) of 4.7, suggests it is trading at a discount compared to its peers, but its weak long-term fundamentals and declining operating profits raise concerns.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Palm Jewels' significant decline. While the stock has outperformed the market over the past year, its recent performance indicates a divergence from the overall market trend. The falling investor participation, with a 46.23% drop in delivery volume compared to the 5-day average, further highlights the challenges the stock faces. Overall, while there are positive factors such as attractive valuation and historical performance, the recent price movements and weak fundamentals suggest caution among investors.