Why is PC Jeweller falling/rising?

As of 19-Nov, PC Jeweller Ltd's stock price is currently at 10.94, reflecting a decline of 0.26, or 2.32%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 11.56% during this period. In the past week, the stock has decreased by 9.96%, while the benchmark Sensex has increased by 0.85%. Despite reporting a 29.4% growth in net profit and achieving its highest net sales in a quarter at Rs 825.25 crore, the stock's long-term fundamentals appear weak, with a negative CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt. In the broader market context, PC Jeweller's performance has lagged behind the Sensex, which has gained 1.47% over the past month, while the stock itself has dropped by 9.51%. This underperformance is compounded by the fact that domestic mutual funds hold only a minimal stake in the company, indicating a lack of confidence in its valuation or business prospects. The stock's current trading position below all key moving averages further suggests a bearish sentiment among investors, despite its attractive valuation metrics relative to peers. Overall, the combination of recent poor performance, weak long-term fundamentals, and limited institutional interest contributes to the stock's downward trajectory.