Why is Jattashankar Ind falling/rising?

As of 30-Oct, Jattashankar Industries Ltd is experiencing a significant rise in its stock price, currently at Rs. 300.75, reflecting an increase of Rs. 27.3 or 9.98%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 10.52%. Over the past three days, it has gained 24.15%, and its year-to-date return stands at an impressive 104.80%. The stock is trading above all key moving averages, indicating strong upward momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 375.28% against the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Jattashankar Industries has outperformed the Sensex, which has seen a slight decline of 0.18% over the past week, while the stock itself has surged by 27.52%. This stark contrast highlights the stock's strong performance relative to the benchmark. The stock's liquidity is also favorable, as it is liquid enough for trading, which supports its rising price. Overall, the combination of strong performance metrics, increased investor participation, and favorable trading conditions contributes to the stock's upward trajectory.