Why is PNGS Gargi FJ falling/rising?

As of 28-Jul, PNGS Gargi Fashion Jewellery Ltd is experiencing a decline in its stock price, currently at Rs 845.00, reflecting a decrease of Rs 35.0 or 3.98%. Today's price summary indicates that the stock underperformed its sector by 2.12%, opening with a loss of 3.18% and reaching an intraday low of Rs 845. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has decreased by 3.42%, and it has also shown a year-to-date decline of 35.96%, despite a positive annual return of 14.02%. The company has reported strong growth metrics, including a 140.65% increase in PAT and a 77.74% rise in net sales over the last six months, but its high valuation and low domestic mutual fund interest may be contributing to the current price drop.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.59% over the past week and a slight increase of 3.52% year-to-date. While PNGS Gargi FJ has outperformed the market over the past year, the significant year-to-date drop indicates investor concerns, possibly linked to its expensive valuation and lack of domestic mutual fund support. The overall sector, specifically Diamond & Gold Jewellery, has also faced a downturn, falling by 2.08%, which may further influence investor sentiment negatively towards PNGS Gargi FJ.