Why is Jay Kailash falling/rising?

As of 08-Oct, Jay Kailash Namkeen Ltd's stock price is rising, currently at Rs 48.00, reflecting an increase of Rs 5.58 or 13.15%. The stock has outperformed its sector today by 13.63%, opening with a gain of 2% and reaching an intraday high of Rs 49, which is a 15.51% increase. However, the stock has shown erratic trading patterns, not trading on 3 out of the last 20 days, and there has been a significant drop in investor participation, with delivery volume falling by 76.19% against the 5-day average. Despite these challenges, the stock's performance over the past week shows a positive return of 13.15%, although it has struggled over longer periods, with a year-to-date decline of 24.17% and a one-year decline of 34.56%.
In the broader market context, the Sensex has only increased by 0.98% over the past week, indicating that Jay Kailash Namkeen Ltd's recent rise is a notable outperformance compared to the benchmark. While the stock has shown volatility with an intraday fluctuation of 6.2%, it remains liquid enough for trading, suggesting some investor interest despite the overall decline in participation. The stock's current price is higher than its 5-day moving average but lower than its longer-term moving averages, indicating mixed signals about its trend direction. Overall, the stock's recent rise can be attributed to short-term trading dynamics and sector performance, despite its longer-term struggles.