Why is Jaipan Industrie falling/rising?

As of 27-Jun, Jaipan Industries Ltd is experiencing a price increase, currently at Rs 36.49, reflecting a rise of 2.09 or 6.08%. The stock has shown strong performance today, outperforming its sector by 6.7% and reaching an intraday high of Rs 39.4, which is a 14.53% increase. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported positive results for the last three consecutive quarters, with net sales growing by 29.66% over the last nine months, contributing to a favorable outlook despite some long-term fundamental weaknesses, such as a low return on capital employed and high debt to EBITDA ratio.
In the broader market context, Jaipan Industries has outperformed the Sensex in the short term, with a 1-week return of +7.39% compared to the Sensex's +2.00%. However, over the longer term, the stock has underperformed, with a year-to-date return of -4.60% against the Sensex's +7.58%. This divergence highlights the stock's volatility and mixed performance, where recent positive quarterly results and rising investor participation have contributed to its current upward movement, despite underlying concerns regarding its long-term growth potential and financial health.