Why is Jai Corp falling/rising?

As of 28-Jul, Jai Corp Ltd is experiencing a price increase, currently at 105.80, reflecting a rise of 2.2 or 2.12%. Today's performance indicates that the stock has outperformed its sector by 3.01% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 108.75, which is a 4.97% increase. However, the stock has underperformed in the longer term, with a year-to-date decline of 67.63% and a one-year return of -71.72%. The company has a low Debt to Equity ratio, but it also suffers from poor management efficiency, as evidenced by a low Return on Equity (ROE) of 4.23% and stagnant net sales growth over the past five years, which negatively impacts investor sentiment.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has fallen significantly more than the Sensex, which has seen a decline of only 1.59% over the past week and a slight drop of 0.54% over the last year. Institutional investor participation has also decreased, with a 0.61% reduction in their stake, indicating a lack of confidence in the company's fundamentals. Despite today's positive movement, the overall trend suggests that Jai Corp is struggling to regain investor trust, particularly given its substantial underperformance relative to the market and the negative growth indicators.