Why is Jaipan Industrie falling/rising?

As of 16-Jul, Jaipan Industries Ltd's stock price is rising, currently at Rs 35.68, reflecting an increase of Rs 1.18 or 3.42%. The stock has shown strong performance today, outperforming its sector by 3.29% and opening with a gain of 4.29%. It reached an intraday high of Rs 35.98, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 277.51% compared to the 5-day average. The company has also reported positive results for the last three consecutive quarters, with net sales growing by 29.66% and the highest operating profit margin recorded at 5.52%.
In the broader market context, Jaipan Industries has outperformed the benchmark Sensex over the past week, with a return of +1.65% compared to the Sensex's -1.08%. However, the stock has underperformed on a year-to-date basis, with a decline of -6.72% against the Sensex's gain of +5.75%. Despite the recent positive momentum, concerns remain regarding the company's long-term fundamental strength, as indicated by a low Return on Capital Employed (ROCE) of 2.89% and a high Debt to EBITDA ratio. While the stock is trading at a discount compared to its peers, its weak long-term growth prospects and high valuation metrics may pose risks for future performance.