Why is Jai Balaji Inds. falling/rising?

As of 07-Aug, Jai Balaji Industries Ltd is experiencing a price increase, currently at Rs 113.00, which reflects a rise of Rs 5.25 or 4.87%. Today's price summary indicates that the stock has outperformed its sector by 4.61% and has gained after five consecutive days of decline, reaching an intraday high of Rs 114.3. However, the stock has also shown high volatility today, with an intraday volatility of 5.95%. Despite the recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 37.24% and a one-year return of -35.80%. The company has faced challenges, including a significant fall in net sales and negative results over the last two quarters, which have contributed to its poor performance. Nonetheless, the stock is trading at a discount compared to its peers, and its operating profit has shown healthy long-term growth.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.62% compared to the Sensex's -0.69%. However, the stock's longer-term performance remains concerning, as it has significantly underperformed the market over the past year. The broader market, represented by the BSE500, has generated negative returns of -1.34%, while Jai Balaji Industries Ltd has seen a much steeper decline. This disparity suggests that while the stock may be experiencing a temporary rebound, underlying issues such as declining sales and low mutual fund interest continue to weigh heavily on investor sentiment.