Why is Jaihind Synth falling/rising?

As of 17-Jul, Jaihind Synthetics Ltd is experiencing a decline in its stock price, currently at Rs 64.90, which reflects a decrease of Rs 0.95 or 1.44%. Despite this drop, the stock has shown strong performance over various periods, with a 1-month return of 28.31% and a remarkable 140.55% increase over the past year. The stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 119.57% against the 5-day average, suggesting heightened interest in the stock. However, it underperformed its sector by 1.61% today, which may have contributed to the current price decline.
Broader Market Context: In the context of the broader market, the stock's performance over the past week has been positive, with a return of 2.20%, while the benchmark Sensex has declined by 1.12%. This indicates that Jaihind Synthetics Ltd has been outperforming the market recently, despite today's price drop. Year-to-date, the stock has outperformed the Sensex significantly, with a return of 35.21% compared to the benchmark's 5.27%. This strong relative performance suggests that while the stock is facing a short-term decline, its overall trajectory remains robust compared to the broader market.