Why is PC Jeweller falling/rising?

As of 08-Jul, PC Jeweller Ltd is currently priced at 17.97, reflecting a decrease of 0.75, or 4.01%. Despite this decline, the stock has shown strong performance in the past, with a remarkable increase of 219.81% over the last year and a 478.74% rise over the past three years. Today's performance indicates a trend reversal, as the stock has fallen after five consecutive days of gains. It is noteworthy that the stock is trading above its moving averages across various time frames, and it has outperformed its sector by 1.73%. Positive factors contributing to the stock's recent movement include a growth in net sales of 9.32% and a significant increase in profits, with a PAT growth of 175.95% in the latest six months. However, the stock faces challenges due to weak long-term fundamental strength, indicated by a negative CAGR growth in operating profits over the last five years and a high debt to EBITDA ratio.
In the broader market context, while PC Jeweller's short-term performance has been impressive, with a 37.60% increase over the past week, it contrasts with the Sensex, which has remained relatively flat with a mere 0.02% change. The stock's ability to generate substantial returns in the long term, alongside its recent outperformance against the BSE500, highlights its potential despite current volatility. However, the overall decline in the diamond and gold jewellery sector by 5.75% may also be influencing investor sentiment negatively, contributing to the stock's recent price drop.