Why is Jakharia Fabric falling/rising?

As of 11-Sep, Jakharia Fabric Ltd's stock price is currently at Rs. 112.15, reflecting an increase of Rs. 5.15, or 4.81%. The stock has reached a new 52-week high today and has outperformed its sector by 4.32%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has surged by 21.24%, and it has shown impressive year-to-date growth of 141.70%. However, there has been a decline in investor participation, with delivery volume falling by 16.67% compared to the 5-day average, which may indicate a potential concern for sustained interest in the stock.
In the broader market context, Jakharia Fabric's recent performance significantly outpaces the Sensex, which has only increased by 1.10% over the past week. This stark contrast highlights the stock's strong relative strength in the current market environment. While the stock has shown remarkable gains over the past year, with a 232.79% increase, its longer-term performance over three and five years has been negative, suggesting volatility and potential challenges in maintaining its upward trajectory. Overall, the current rise in Jakharia Fabric's stock price can be attributed to its strong short-term performance and recent high, despite the decline in investor participation.