Why is Jai Balaji Inds. falling/rising?

As of 21-Jul, Jai Balaji Industries Ltd is experiencing a price increase, currently at Rs 122.00, reflecting a rise of Rs 1.75 or 1.46%. Today's price summary indicates that the stock has outperformed its sector by 0.54% and has gained after two consecutive days of decline, reaching an intraday high of Rs 127.7, which is a 6.2% increase. However, the stock's performance over the past week shows a slight decline of -0.33%, while it has seen a significant increase of +20.91% over the past month. Despite this recent uptick, the stock has underperformed over the year with a return of -25.88%, and it has faced challenges such as a -13.87% drop in net sales and negative results in the last two quarters, which contribute to a cautious outlook.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has outperformed the Sensex slightly in the last week but has lagged significantly over the past year, where the Sensex has gained 1.98%. The company's long-term growth potential is supported by a healthy operating profit growth rate of 71.06%, but concerns remain due to the high percentage of pledged promoter shares (26.02%), which can exert downward pressure in a falling market. Additionally, the stock's valuation appears expensive relative to its return on capital employed, and it has generated negative returns compared to the broader market, indicating a challenging environment for investors.