Why is Jaihind Synth falling/rising?

As of 01-Aug, Jaihind Synthetics Ltd is experiencing a price increase, currently at Rs 65.40, reflecting a change of 2.2 or 3.48% upward. The stock has shown strong performance recently, gaining 5.48% over the last two days and outperforming its sector by 2.1% today. It is also close to its 52-week high, just 3.36% away from Rs 67.6. The stock opened with a gain of 2.85% today and reached an intraday high of Rs 65.5. Additionally, the stock has demonstrated impressive returns over various periods, including a 36.25% increase year-to-date and a remarkable 133.74% rise over the past year. Notably, investor participation has surged, with delivery volume increasing by 528.52% against the five-day average, indicating heightened interest and confidence in the stock.
In the broader market context, Jaihind Synthetics Ltd has significantly outperformed the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month, while Jaihind's stock has risen by 5.31% and 7.76% respectively in the same periods. This stark contrast highlights the stock's strong relative performance amid a generally declining market. The stock's ability to maintain trading above its moving averages further supports its upward momentum, suggesting a positive outlook despite the broader market's challenges.