Why is Jattashankar Ind falling/rising?

As of 29-Oct, Jattashankar Industries Ltd is experiencing a price increase, currently at Rs 273.45, reflecting a rise of Rs 24.25 or 9.73%. The stock has shown strong performance today, outperforming its sector by 8.84% and achieving a consecutive gain over the last two days with a total return of 12.88%. Notably, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 534.08% against the 5-day average, which suggests heightened interest and confidence among investors.
In the broader market context, Jattashankar Industries Ltd has outperformed the benchmark Sensex over various periods, including a 1-week return of 5.25% compared to the Sensex's 0.68%, and an impressive year-to-date return of 86.21% against the Sensex's 8.78%. This strong relative performance indicates that the stock is not only gaining traction in the market but also attracting more investors, contributing to its rising price. The high volatility observed today, with an intraday volatility of 5.61%, further reflects active trading and investor engagement, reinforcing the stock's upward momentum.