Why is Jai Mata Glass falling/rising?

As of 05-Aug, Jai Mata Glass Ltd's stock price is currently at 2.67, reflecting an increase of 0.05 or 1.91%. The stock has been on a positive trajectory, gaining for the last seven days and achieving a total return of 12.66% during this period. Additionally, over the past week, the stock has outperformed its sector by 0.25%. However, it is important to note that while the stock is performing well in the short term, there has been a significant decline in investor participation, with delivery volume dropping by 75.35% compared to the five-day average. The stock's performance over various time frames shows a remarkable 394.44% increase over three years and a staggering 1305.26% increase over five years, although it has seen a decline of 12.17% year-to-date.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has decreased by 0.77% over the past week and 3.26% over the past month. This indicates that Jai Mata Glass Ltd is not only rising in price but is also outperforming the broader market during this timeframe. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, suggesting a mixed technical outlook. Overall, the combination of strong short-term gains, significant historical performance, and relative outperformance against the benchmark contributes to the stock's upward movement.