Why is Jasch Gauging falling/rising?

As of 29-Jul, Jasch Gauging Technologies Ltd is experiencing a price increase, currently at Rs 620.00, reflecting a rise of Rs 15.0 or 2.48%. The stock has shown strong performance in the short term, with a 1-week return of +8.75% and a 1-month return of +14.66%, significantly outperforming the Sensex, which has declined by -1.03% and -3.24% respectively during the same periods. Despite today's intraday fluctuations, where the stock reached a high of Rs 622.7 and a low of Rs 583.05, it is trading above all key moving averages, indicating positive momentum. However, there is a noted decline in investor participation, with delivery volume falling by -13.55% against the 5-day average. The company maintains a high management efficiency with a return on equity (ROE) of 18.61% and a low debt-to-equity ratio, contributing to a fair valuation.
In the broader market context, Jasch Gauging's recent performance contrasts sharply with the Sensex, which has shown negative returns in the short term. While the stock has generated a return of -6.77% over the past year, its profits have also declined by -8%, suggesting some underlying challenges despite the recent uptick in price. The stock's liquidity remains adequate for trading, but the falling delivery volume may indicate a cautious sentiment among investors. Overall, while the stock is currently rising, the mixed signals from its performance metrics and broader market conditions suggest a complex landscape for investors.