Why is Jayant Infratech falling/rising?

As of 17-Oct, Jayant Infratech Ltd's stock price is rising, currently at Rs 75.00, reflecting an increase of Rs 7.0 or 10.29%. The stock has shown strong performance today, outperforming its sector by 10.79%. It reached an intraday high of Rs 78, indicating significant upward movement. However, the stock has also experienced erratic trading, not trading on one day out of the last 20 days, and has shown high volatility with an intraday fluctuation of 6.85%. Despite this positive movement, the stock's year-to-date performance remains poor, down 45.12%, and it has seen a significant decline over the past three years, down 52.15%. Additionally, delivery volume has decreased by 64.29% against the five-day average, indicating falling investor participation.
In the broader market context, Jayant Infratech's short-term return of 7.99% over the past week significantly outpaces the Sensex's return of 1.76% during the same period. This suggests that while the stock is currently rising, it is doing so in a market environment where the benchmark is also gaining, albeit at a much slower rate. The stock's performance over the last month is similarly positive, with a return of 7.47% compared to the Sensex's 1.52%. However, the stark contrast in long-term performance, with the stock down significantly year-to-date and over the past year, highlights ongoing challenges despite recent gains.