Why is Jattashankar Ind falling/rising?

As of 24-Oct, Jattashankar Industries Ltd is experiencing a price increase, currently at Rs 242.25, which reflects a rise of Rs 6.4 or 2.71%. The stock opened with a significant gain of 9.82% today, reaching an intraday high of Rs 259. It has outperformed its sector by 2.99% today, and the trading volume has seen a notable increase, with delivery volume rising by 156.07% against the 5-day average. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock has also shown impressive returns over various periods, including a year-to-date increase of 64.96% and a staggering 2224.86% over the past five years.
In the broader market context, Jattashankar Industries Ltd's short-term performance over the past week shows a return of 0.66%, which is higher than the Sensex's return of 0.31%. Over the past month, the stock has also outperformed the benchmark, with a return of 4.44% compared to the Sensex's 3.05%. This consistent outperformance suggests that investor sentiment remains strong for Jattashankar Industries Ltd, contributing to its rising stock price amidst a generally positive market environment.