Why is Jainex Aamcol falling/rising?

As of 02-Sep, Jainex Aamcol Ltd's stock price is currently at Rs 189.50, reflecting an increase of Rs 5.2 or 2.82%. Today, the stock has shown a trend reversal by gaining after two consecutive days of decline. Although it opened with a loss of 2.31%, it reached an intraday high of Rs 190.95, indicating some recovery. However, the stock's performance has been mixed, with a year-to-date decline of 19.05% and a one-year drop of 25.69%. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 95.24% compared to the five-day average, which may indicate reduced confidence among investors.
Broader market context shows that Jainex Aamcol has outperformed the Sensex by 2.63% today, despite the benchmark index experiencing a decline of 0.78% over the past week. This suggests that while the stock is facing challenges, it is managing to gain traction against a backdrop of broader market weakness. The stock's long-term performance remains strong, with a three-year return of 100.11%, significantly outperforming the Sensex's 36.32% over the same period. However, the current liquidity status indicates that the stock is liquid enough for trading, which may help stabilize its price movements in the near term.