Why is Jai Corp falling/rising?

As of 08-Oct, Jai Corp Ltd's stock price is rising, currently at Rs 163.10, reflecting an increase of Rs 19.2 or 13.34%. The stock has shown a significant performance today, outperforming its sector by 13.76% and marking a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 169.7, indicating strong intraday momentum. However, despite today's gains, the stock has experienced a decline of 5.83% over the past month and a substantial drop of 50.10% year-to-date. Positive factors contributing to the stock's recent movement include a low debt-to-equity ratio and strong quarterly results, with the highest profit after tax and earnings per share reported in June 2025.
In the broader market context, the stock's short-term return of +12.60% over the past week significantly outpaces the Sensex, which has only increased by 0.98% in the same period. This suggests that Jai Corp is gaining traction relative to the overall market, despite its longer-term struggles, as evidenced by its year-to-date decline compared to the Sensex's positive return of 4.65%. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, with delivery volume falling by 20.52% against the five-day average.