Why is Palm Jewels falling/rising?

As of 29-Aug, Palm Jewels Ltd is currently priced at 25.64, reflecting a slight increase of 0.04 or 0.16%. The stock has shown a trend reversal by gaining after five consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent outperformance against its sector by 0.38%, the stock has experienced a significant drop in delivery volume, falling by 90.99% compared to the 5-day average. Over the past year, while the stock has generated a return of 11.19%, its profits have risen by 24%, indicating a strong performance relative to its peers, despite a weak long-term fundamental strength characterized by a low Return on Equity (ROE) of 2.96% and poor growth in net sales.
In the broader market context, the stock has underperformed the benchmark Sensex over the past week and month, with returns of -2.73% and -10.91%, respectively, compared to -1.84% and -1.88% for the Sensex. However, it has outperformed the BSE500 index, which has generated negative returns of -5.40% over the last year. This suggests that while Palm Jewels is facing challenges in the short term, it has managed to maintain a positive trajectory relative to the broader market, which may contribute to its recent price increase despite the overall negative sentiment.