Why is Jamna Auto Inds. falling/rising?

As of 12-Nov, Jamna Auto Industries Ltd is experiencing a price increase, currently at Rs 103.10, which reflects a rise of 5.09 (5.19%). The stock has shown strong performance recently, gaining 12.97% over the last four days and outperforming its sector by 4.34% today. Additionally, it is trading above all key moving averages, indicating positive momentum. Despite a year-over-year decline of 3.64%, the company has demonstrated high management efficiency with a return on equity (ROE) of 19.10% and a low debt-to-equity ratio of 0.10. Furthermore, institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals.
In the broader market context, Jamna Auto Industries has outperformed the Sensex in the short term, with a weekly return of 10.42% compared to the Sensex's 1.21%. While the stock has underperformed over the longer term, such as the 1-year and 3-year periods, its recent gains indicate a shift in investor sentiment, likely fueled by increasing participation from institutional investors and healthy long-term growth prospects. The stock's liquidity is also favorable, with a significant rise in delivery volume, further supporting its upward price movement.