Why is Jaipan Industrie falling/rising?

As of 21-Jul, Jaipan Industries Ltd's stock price is currently at 35.00, reflecting an increase of 0.54, or 1.57%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.04% today, and the delivery volume has increased by 3.79% compared to the 5-day average, indicating rising investor participation. Despite a negative return of -4.89% over the past week, the stock has performed positively over the past month with a return of +3.00%. The company has reported positive results for the last three consecutive quarters, with net sales growing by 29.66% and profits rising significantly, which may contribute to the recent upward movement.
In the broader market context, while Jaipan Industries has underperformed the Sensex with a year-to-date return of -8.50% compared to the benchmark's +5.20%, its long-term performance over three years shows a substantial gain of +153.62%, significantly outpacing the Sensex's +47.62%. However, the stock's weak long-term fundamental strength, indicated by a low return on capital employed and high debt to EBITDA ratio, raises concerns about its sustainability. Despite trading at a discount compared to peers, the stock's recent positive performance may be driven by short-term investor sentiment rather than long-term growth potential.