Why is James Warren Tea falling/rising?

As of 30-Jun, James Warren Tea Ltd. is experiencing a price increase, currently at Rs 346.80, reflecting a rise of 2.3 (0.67%). The stock has shown strong performance recently, gaining 11.33% over the past week and outperforming its sector by 2.62% today. It opened with a significant gain of 5.31% and reached an intraday high of Rs 362.8. The stock is trading above its moving averages, indicating positive momentum. Additionally, the company has demonstrated healthy long-term growth, with operating profits increasing at an annual rate of 59.72%, and a return on equity (ROE) of 35.6, suggesting an attractive valuation compared to peers.
Broader Market Context: In the context of the broader market, the stock's short-term return of 11.33% over the past week significantly outpaces the Sensex's return of 2.09% during the same period. While the stock has faced challenges in the longer term, with a year-to-date decline of 11.22% compared to the Sensex's 7.00% increase, its recent performance indicates a potential recovery phase. The rising investor participation, as evidenced by a 159.94% increase in delivery volume, further supports the stock's upward movement, suggesting growing confidence among investors despite previous volatility.