Why is Jai Corp falling/rising?

As of 05-Jun, Jai Corp Ltd. is experiencing a price increase, currently at Rs 122.90, reflecting a rise of 5.85 or 5.0%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 10.22%. Additionally, it has outperformed its sector by 3.93% today. Over the past week, the stock has increased by 11.10%, while it has surged by 38.84% over the past month. However, despite these short-term gains, the company has a low Return on Equity (ROE) of 4.23%, indicating poor management efficiency and profitability, and it has underperformed in the long term with a decline in net sales over the past five years.
Broader market context shows that while Jai Corp has made significant short-term gains, the benchmark Sensex has seen a slight decline of 0.23% over the past week. The stock's performance contrasts sharply with its long-term trajectory, having generated a negative return of 56.44% over the past year, while the broader market has returned 9.49% in the same period. This disparity highlights the challenges faced by Jai Corp, including a low debt-to-equity ratio and minimal interest from domestic mutual funds, which may indicate a lack of confidence in the company's future growth prospects.