Why is Jamna Auto Inds. falling/rising?

As of 15-Jul, Jamna Auto Industries Ltd is experiencing a price increase, currently at 95.27, reflecting a change of 1.77 or 1.89% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 96.58, which is a 3.29% increase. Despite a year-to-date decline of 2.69% and a significant drop of 25.98% over the past year, the stock has performed positively in the short term, with a 6.65% increase over the past month, outperforming the benchmark Sensex, which rose only 1.79%. However, there has been a notable decrease in investor participation, with delivery volume falling by 41.05% compared to the five-day average. The company maintains a high management efficiency with a return on equity (ROE) of 19.10% and a low debt-to-equity ratio, indicating financial stability.
In the broader market context, Jamna Auto Industries Ltd's recent performance contrasts with the Sensex, which has seen a decline of 1.36% over the past week. While the stock has gained 2.20% in the same period, it still faces challenges due to its negative returns over the longer term, particularly a 25.40% decline over three years compared to the Sensex's 53.59% gain. The stock's attractive valuation, trading at a price-to-book value of 3.8, suggests it is fairly valued relative to its peers, which may contribute to its recent upward movement despite the overall market volatility.