Why is Jagan Lamps falling/rising?

As of 13-Nov, Jagan Lamps Ltd is experiencing a price increase, currently at Rs 74.19, reflecting a rise of Rs 4.48 or 6.43%. The stock has outperformed its sector by 5.79% today, reaching an intraday high of Rs 77.2, which is a 10.74% increase. However, despite this positive movement, the stock has shown a year-to-date decline of 22.35% and a one-year decline of 18.61%. The trading volume indicates a decrease in investor participation, with delivery volume falling by 6.39% against the five-day average. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, suggesting mixed momentum.
In the broader market context, Jagan Lamps has outperformed the Sensex in the short term, with a 1-week return of 5.17% compared to the Sensex's 1.40%. This indicates that while the stock is currently rising, it has struggled significantly over the longer term, as evidenced by its year-to-date and one-year performance compared to the benchmark. The liquidity of the stock appears adequate for trading, but the falling delivery volume may signal caution among investors. Overall, the stock's recent rise is notable, but it is juxtaposed against a backdrop of longer-term underperformance and declining investor engagement.