Why is Jayant Infratech falling/rising?

As of 24-Oct, Jayant Infratech Ltd is experiencing a price increase, currently at Rs 101.20, which reflects a rise of 9.2 or 10.0%. The stock has shown significant performance today, outperforming its sector by 9.03%. It reached an intraday high of Rs 101.2, indicating strong upward momentum, although it also experienced a low of Rs 83.1, showcasing high volatility with an intraday fluctuation of 9.82%. Over the past week, the stock has surged by 33.76%, significantly outperforming the Sensex, which only increased by 0.31%. However, the stock's year-to-date performance remains negative at -25.94%, contrasting with the Sensex's positive return of 7.77%. There is a noted decline in investor participation, with delivery volume dropping by 40.13% compared to the 5-day average, which may indicate some caution among investors.
Broader Market Context: In the short term, Jayant Infratech's impressive weekly return of 33.76% starkly contrasts with the Sensex's modest gain of 0.31%, highlighting the stock's recent strength relative to the broader market. Despite this, the stock's year-to-date performance remains concerning, as it has underperformed the benchmark significantly. The overall market context suggests that while Jayant Infratech is currently experiencing a surge in price, the long-term outlook remains challenged, as indicated by its negative returns over the year and three years, which may temper investor enthusiasm moving forward.