Why is Jayant Infratech falling/rising?

As of 15-Sep, Jayant Infratech Ltd's stock price is currently at Rs 81.75, reflecting an increase of Rs 2.75, or 3.48%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 4.07% during this period. It opened with a gain of 2.53% today and reached an intraday high of Rs 81.75. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 40.18% and a one-year drop of 37.12%. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 89.58% against the five-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. While Jayant Infratech has outperformed its sector by 3.44% today, its longer-term returns are notably negative compared to the Sensex, which has increased by 4.67% year-to-date. This divergence suggests that while there may be short-term gains, the overall sentiment towards Jayant Infratech remains cautious, especially given its significant declines over the past year and three years, which may overshadow today's positive movement.