Why is PC Jeweller falling/rising?

As of 15-Jul, PC Jeweller Ltd's stock is currently priced at 17.36, reflecting an increase of 0.32 or 1.88%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a significant drop in delivery volume, which fell by 68.09% against the 5-day average, the stock has outperformed its sector by 1.46% today. Over the past month, PC Jeweller has experienced a remarkable return of 40.34%, significantly outperforming the Sensex, which only gained 1.79%. The company has reported positive financial results, including a 9.32% growth in net sales and a substantial increase in profit before tax, contributing to its strong performance over the past year, where it generated a return of 145.68%.
In the broader market context, while PC Jeweller has outperformed the benchmark indices over various periods, including a 266.63% return over the last three years, it is important to note the weak long-term fundamental strength indicated by a -1.88% CAGR growth in operating profits over the last five years. This suggests potential concerns regarding the company's ability to sustain its growth. Additionally, the high debt-to-EBITDA ratio of 8.53 times raises questions about its financial stability. Despite these challenges, the stock's current performance remains strong in the short term, reflecting a complex interplay of positive earnings growth and underlying financial risks.