Why is Jaipan Industrie falling/rising?

As of 31-October, Jaipan Industries Ltd has experienced a price increase, currently standing at Rs 30.38, reflecting a rise of Rs 1.26 or 4.33%. Today's performance indicates that the stock outperformed its sector by 5.13%, reaching an intraday high of Rs 31.75, which is a 9.03% increase. However, despite this positive movement, the stock has shown a decline of 2.00% over the past month and a significant year-to-date drop of 20.58%. Additionally, there has been a decrease in investor participation, with delivery volume falling by 16.76% compared to the five-day average, which may indicate waning interest among investors.
Broader market context shows that while Jaipan Industries has outperformed the Sensex by 5.08% over the past week, the benchmark index has experienced a slight decline of 0.32%. Over the longer term, the stock's performance has been less favorable, with a year-to-date decline of 20.58% compared to the Sensex's gain of 7.42%. This contrast highlights the stock's struggles despite recent gains, suggesting that while there may be short-term positive movements, the overall trend remains concerning in relation to the broader market performance.