Why is Jagatjit Inds. falling/rising?

As of 20-Oct, Jagatjit Industries Ltd is experiencing a price increase, currently at 200.70, reflecting a rise of 14.6 or 7.85%. Today's price summary indicates that the stock has outperformed its sector by 7.54% and has shown a trend reversal after two consecutive days of decline. It opened with a gain of 3.17% and reached an intraday high of Rs 204.7, marking a 9.99% increase. However, despite this positive movement, there has been a decrease in investor participation, with delivery volume falling by 5.17% against the 5-day average. The stock's performance over the past week shows a gain of 5.94%, although it has declined by 10.20% over the past month and 16.38% year-to-date.
In the broader market context, Jagatjit Industries' short-term return of 5.94% over the past week significantly outpaces the Sensex, which has only increased by 2.47% in the same period. Despite the recent gains, the stock's longer-term performance remains concerning, with a year-to-date decline of 16.38% compared to the Sensex's rise of 7.97%. This disparity highlights the stock's volatility and potential challenges in maintaining investor confidence, especially given the falling delivery volumes and the mixed performance against moving averages.