Why is Jaihind Synth falling/rising?

As of 02-Jul, Jaihind Synthetics Ltd is experiencing a price increase, currently at Rs 62.00, reflecting a rise of 1.31 (2.16%). The stock has shown strong performance recently, gaining 7.03% over the last two days and outperforming its sector by 1.39% today. It opened with a significant gain of 4.99% and reached an intraday high of Rs 63.72. The stock has also demonstrated impressive returns over various periods, including a 113.20% increase over the past year and a staggering 2838.39% over the last five years. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 64.1% compared to the five-day average, indicating strong demand for the stock.
In the broader market context, Jaihind Synthetics has significantly outperformed the benchmark Sensex, which has only increased by 0.79% over the past week, while Jaihind's stock rose by 17.42% in the same period. This trend of outperformance is consistent across multiple time frames, with the stock's year-to-date return of 29.17% also surpassing the Sensex's 6.75%. The liquidity of the stock is adequate for trading, further supporting its upward movement. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark contributes to the rising price of Jaihind Synthetics Ltd.