Why is Jayaswal Neco falling/rising?

As of 15-Jul, Jayaswal Neco Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 48.50, reflecting an increase of Rs 5.94 or 13.96%. The stock has shown strong performance today, outperforming its sector by 13.89% and achieving a consecutive gain over the last three days, with a total return of 27.3% during this period. Additionally, the stock has traded at a high of Rs 49.8, indicating high volatility with an intraday volatility of 5.2%. Over the past week, the stock has surged by 25.16%, while its year-to-date return stands at 24.36%. The company has also reported impressive growth metrics, including a 60.02% annual increase in operating profit and a remarkable 4906.9% growth in net profit, contributing to its positive market perception.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.36% over the past week, Jayaswal Neco's performance is notably strong, highlighting its resilience in a challenging market environment. The stock's ability to maintain liquidity and attract rising investor participation, with a delivery volume increase of 1812.28% against the five-day average, further supports its upward momentum. Despite a modest 1.63% return over the past year, the stock has outperformed the BSE500 in the longer term, reinforcing its position as a strong investment option amidst fluctuating market conditions.