Why is Jainam Ferro falling/rising?

As of 20-Jun, Jainam Ferro Alloys (I) Ltd is experiencing a price increase, currently trading at Rs 266.00, which reflects a rise of Rs 6.0 or 2.31%. The stock is performing well, being only 2.63% away from its 52-week high of Rs 273. It has outperformed its sector by 2.82% today and is trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown impressive returns, with an 81.01% increase over the past year and a 101.82% increase over the past three years. The company maintains a low debt-to-equity ratio, which is favorable, and the recent surge in delivery volume by 550% indicates rising investor participation.
In the broader market context, Jainam Ferro's short-term performance over the past week shows a return of 1.53%, which is slightly below the benchmark Sensex's return of 1.59%. However, the stock has significantly outperformed the Sensex over longer periods, such as a 28.60% increase year-to-date compared to the Sensex's 6.21%. This consistent outperformance, coupled with strong investor interest and liquidity, suggests a positive sentiment surrounding the stock, contributing to its rising price.