Why is Jayant Agro Org. falling/rising?

As of 16-Jul, Jayant Agro Organics Ltd is experiencing a price increase, with its current price at Rs 267.05, reflecting a rise of Rs 13.15 or 5.18%. The stock has shown strong performance today, outperforming its sector by 5.33% and achieving a consecutive gain over the last two days, resulting in a total return of 7.59% during this period. It has also reached an intraday high of Rs 267.15. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has a low Debt to EBITDA ratio of 1.16 times, strong operating profit growth at an annual rate of 40.67%, and an attractive valuation compared to its peers, which may contribute to the recent upward movement.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week, with a return of +3.31% compared to the Sensex's -1.08%. However, it has underperformed on a year-to-date basis, with a return of -2.18% against the Sensex's +5.75%. Despite the recent positive momentum, the stock has faced challenges, including a significant decline in PAT and low domestic mutual fund interest, which may indicate a lack of confidence among institutional investors. Overall, while the stock is currently rising, its long-term performance has been inconsistent, as evidenced by its negative returns over the past year and consistent underperformance against broader market indices.