Why is Jayaswal Neco falling/rising?

As of 18-Sep, Jayaswal Neco Industries Ltd is experiencing a price increase, with its current price at Rs. 73.82, reflecting a rise of 2.34 (3.27%). The stock reached a new 52-week high of Rs. 75.49 today and has outperformed its sector by 2.87%. Over the past week, the stock has shown a significant return of +10.18%, and it has consistently outperformed the benchmark Sensex across various time frames, including a remarkable +89.28% year-to-date return. Despite a recent decline in investor participation, with delivery volume dropping by 49.48% against the 5-day average, the stock's strong fundamentals, including a 37.36% annual growth in operating profit and positive quarterly results, support its upward movement.
In the broader market context, while the Sensex has only increased by 1.80% over the past week, Jayaswal Neco's performance stands out, indicating strong investor confidence. The stock's long-term growth potential is bolstered by its healthy operating profit growth and favorable valuation metrics, such as a PEG ratio of 0.6. However, there are risks associated with the high percentage of pledged promoter shares, which could exert downward pressure in adverse market conditions. Overall, the combination of strong financial performance and market-beating returns contributes to the stock's rising price, despite some concerns regarding liquidity and pledged shares.