Why is PC Jeweller falling/rising?

As of 28-Jul, PC Jeweller Ltd is currently priced at 14.75, reflecting an increase of 0.18 or 1.24%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 3.1%. Despite a recent drop in the diamond and gold jewellery sector by 2.08%, the stock's performance over the past month has been strong, with a return of 19.14%. The company has reported positive financial results, including a 9.32% growth in net sales and a significant increase in profits, which has contributed to its attractive valuation compared to peers. The stock has generated a remarkable return of 71.85% over the past year, supported by a substantial growth in profits.
In the broader market context, while PC Jeweller has outperformed the Sensex over the past year, it has experienced a decline of 6.65% year-to-date, contrasting with the Sensex's gain of 3.52%. The stock's recent performance indicates a recovery in the short term, but it still faces challenges with falling investor participation, as evidenced by a significant drop in delivery volume. Overall, while the stock has shown resilience and positive growth indicators, its performance relative to the broader market suggests a mixed outlook amid sector-wide pressures.