Why is Jayant Infratech falling/rising?

As of 20-Oct, Jayant Infratech Ltd's stock price is rising, currently at Rs 90.79, reflecting an increase of 15.13 or 20.0%. The stock has shown strong performance today, outperforming its sector by 19.34% and has been on a consecutive gain streak for the last two days, accumulating a total return of 33.51% during this period. Additionally, the stock opened with a gain of 3.09% today and reached an intraday high of Rs 90.79. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 778.38% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Jayant Infratech's short-term return over the past week is +27.21%, significantly outperforming the Sensex, which has only increased by 2.47% during the same period. This stark contrast highlights the stock's strong recovery relative to the benchmark. However, it is important to note that despite this recent surge, the stock is still down 33.56% year-to-date, indicating that while current movements are positive, the overall long-term performance remains challenged compared to the broader market, which has gained 7.97% year-to-date.