Why is PC Jeweller falling/rising?

As of 24-Sep, PC Jeweller Ltd's stock price is currently at 13.33, reflecting a decrease of 0.17 or 1.26%. The stock has been on a downward trend, having underperformed its sector by 0.63% today and experiencing a consecutive fall for the last four days, resulting in a total decline of 10.96% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the recent negative price movement, the company has reported positive financial results over the last five consecutive quarters, with significant growth in net sales and profits, which may suggest that the stock is undervalued compared to its peers.
In the broader market context, PC Jeweller's short-term performance has been notably poor, with a 1-week return of -9.07% compared to the Sensex's decline of only 1.18%. This stark contrast highlights the stock's underperformance relative to the market. However, it is worth noting that institutional investors have increased their stake in the company, indicating a level of confidence in its long-term potential. Despite the recent price decline, the company's attractive valuation metrics, such as a low PEG ratio and strong profit growth, suggest that there may be underlying strength that could support a recovery in the stock price.