Why is Jayaswal Neco falling/rising?

As of 23-Jul, Jayaswal Neco Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 43.10, reflecting an increase of 7.18 or 19.99%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It has outperformed its sector by 19.76% and reached an intraday high of Rs 43.10. Despite a one-week decline of 16.31%, the stock has shown a positive return of 12.04% over the past month and a remarkable 1190.42% increase over the last five years. The company has reported strong operating profit growth, with a 37.36% annual increase and very positive results in the last two quarters, contributing to investor confidence. However, the risk associated with 99.87% of promoter shares being pledged may exert downward pressure in adverse market conditions.
Broader Market Context: In the context of the broader market, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with the stock's significant decline during the same period. However, the stock's performance over the longer term, particularly a 69.02% increase over three years compared to the Sensex's 47.54%, indicates a strong relative performance. The rising investor participation, with a 93% increase in delivery volume, suggests growing interest in the stock despite the risks associated with pledged shares. Overall, while the stock has faced short-term volatility, its long-term growth potential and recent positive financial results appear to be driving the current upward movement.