Why is Jainco Projects falling/rising?

As of 03-Jul, Jainco Projects (India) Ltd is experiencing a price increase, currently at 6.54, which reflects a rise of 0.12 or 1.87%. The stock has shown strong performance recently, with a consecutive gain over the last three days, resulting in a total return of 5.83% during this period. Additionally, the stock has outperformed its sector by 1.93%. Over the past week, it has increased by 7.92%, and over the last month, it has risen by 17.84%, indicating robust momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 99.18% against the five-day average, which may raise concerns about sustainability in the stock's upward movement.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 0.62% over the past week, Jainco Projects has significantly outperformed, highlighting its strength in the current market environment. While the stock has shown impressive year-to-date returns of 18.69% compared to the Sensex's 6.53%, it is important to note that its three-year performance lags behind the benchmark, with a return of 15.34% versus 57.33% for the Sensex. This disparity suggests that while Jainco Projects is currently on an upward trajectory, it may face challenges in maintaining this momentum if broader market conditions do not improve.