Why is PC Jeweller falling/rising?

As of 23-Sep, PC Jeweller Ltd's stock price is currently at 13.50, reflecting a decrease of 0.2, or 1.46%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 9.82% during this period. Additionally, the stock's performance over the past month shows a decrease of 1.24%, while it has experienced a year-to-date decline of 14.56%. Despite these short-term challenges, the company has reported positive results over the last five consecutive quarters, with a significant growth in profit after tax and net sales, indicating strong fundamentals. However, the stock is currently trading below several moving averages, and there has been a notable decrease in investor participation, as evidenced by an 11.54% drop in delivery volume compared to the five-day average.
In the broader market context, PC Jeweller's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has underperformed its sector by 0.88% today, institutional investors have increased their stake in the company, suggesting a level of confidence in its long-term prospects despite recent price declines. The stock's attractive valuation relative to its peers, combined with a low PEG ratio, indicates potential for recovery, but the current trend reflects a cautious sentiment among investors in the short term.