Why is Jainam Ferro falling/rising?

As of 26-Jun, Jainam Ferro Alloys (I) Ltd is currently priced at 268.65, with no change in price, reflecting a 0.00% movement. The stock has shown strong performance recently, with a 1-week return of +3.33% and a 1-month return of +18.77%, significantly outperforming the Sensex, which has returned +3.05% and +2.19% respectively over the same periods. Additionally, Jainam Ferro is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 68.75% compared to the 5-day average. The company maintains a low debt-to-equity ratio, which is a positive factor for its stability.
In the broader market context, Jainam Ferro's recent performance has outpaced the benchmark indices, suggesting a favorable sentiment among investors despite the decline in delivery volumes. The stock's year-to-date return of +29.88% and one-year return of +85.28% further highlight its strong performance relative to the Sensex, which has only returned +8.05% and +7.04% respectively over the same periods. This outperformance indicates that while the stock is currently flat, it has been on an upward trajectory overall, reflecting investor confidence in the company's fundamentals despite the recent drop in trading activity.