Why is PC Jeweller falling/rising?

As of 19-Sep, PC Jeweller Ltd's stock is currently priced at Rs 13.77, reflecting a decline of Rs 1.2 or 8.02%. Today's price summary indicates that the stock has underperformed its sector by 6.64% and has reversed its trend after four consecutive days of gains, reaching an intraday low of Rs 13.49. The stock has shown a wide trading range of Rs 1.48 and has higher trading volumes near its low price. Over the past week, the stock has gained 4.87%, although it has a year-to-date return of -12.85%. Despite this recent decline, the company has reported positive results over the last five consecutive quarters, with significant growth in net sales and profits, which may indicate underlying strength.
In the broader market context, while PC Jeweller's short-term performance has been positive with a 4.87% increase over the past week, it has still underperformed compared to the Sensex, which rose by 0.88% in the same period. The stock's recent decline may be influenced by profit-taking after its previous gains, despite increasing institutional investor participation and attractive valuations compared to peers. The company's strong financial performance, including a significant rise in profits and a low PEG ratio, suggests potential for recovery, but the current market sentiment appears to be cautious, contributing to the stock's downward movement.