Why is Jakharia Fabric falling/rising?

As of 08-Sep, Jakharia Fabric Ltd's stock price is rising, currently at Rs. 97.10, reflecting an increase of Rs. 4.6 or 4.97%. The stock has recently hit a new 52-week high and is outperforming its sector by 3.93%. Additionally, Jakharia Fabric is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has shown impressive returns, with a year-to-date increase of 109.27% and a one-year return of 188.13%, significantly outperforming the Sensex, which has seen a decline of 0.32% over the same period. Furthermore, there has been a notable rise in investor participation, with delivery volume increasing by 150% against the 5-day average.
In the broader market context, Jakharia Fabric's short-term performance over the past week has been exceptional, with a return of 10.22%, compared to the Sensex's modest gain of 0.60%. This stark contrast highlights the stock's strong position relative to the overall market. The liquidity of the stock is also favorable, as it is liquid enough for trading, which can attract more investors. Overall, the combination of strong price performance, increased investor interest, and favorable technical indicators contributes to the rising trend in Jakharia Fabric's stock price.