Why is PC Jeweller falling/rising?

As of 22-Sep, PC Jeweller Ltd is currently priced at 13.70, reflecting a decrease of 0.07 or 0.51%. The stock has been on a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 8.48% during this period. Despite this recent drop, the stock has shown a positive performance over the past week, gaining 3.71%, although it has underperformed in the year-to-date comparison with a decline of 13.29%. The company has reported strong financial results, including a significant growth in profit after tax and net sales, which may indicate underlying strength despite the recent price drop. Additionally, the stock is trading at a discount compared to its peers, and institutional investor participation has increased, suggesting confidence in the company's fundamentals.
In the broader market context, the stock's short-term performance over the past week has outpaced the benchmark Sensex, which only increased by 0.46%. However, the stock's year-to-date performance is notably weaker than the Sensex, which has gained 5.15%. This disparity highlights the challenges PC Jeweller faces in the current market environment, despite its positive financial indicators and rising institutional interest. The mixed signals from both the stock's performance and the broader market suggest that while there are strong fundamentals at play, investor sentiment may be cautious, contributing to the recent decline in stock price.