Why is Jayaswal Neco falling/rising?

As of 24-Sep, Jayaswal Neco Industries Ltd is experiencing a rise in its stock price, currently at Rs 71.94, reflecting an increase of 0.83 or 1.17%. The stock has been gaining momentum, having outperformed its sector by 1.3% today and achieving a consecutive gain over the last three days with a total return of 3.24%. Additionally, the stock is trading close to its 52-week high, just 4.93% away from Rs 75.49. Over the past month, it has shown a robust performance with an 18.38% increase, while year-to-date, it has surged by 84.46%. The company's strong financial results, including an operating profit growth of 88.46% and a significant increase in profit after tax, contribute positively to investor sentiment, despite the risk posed by a high percentage of pledged promoter shares.
Broader market context indicates that while the Sensex has declined by 1.18% over the past week, Jayaswal Neco has managed to increase by 0.64%, showcasing its resilience against broader market trends. The stock's performance over the last year has also been impressive, generating a return of 40.51% compared to the Sensex's decline of 3.77%. This outperformance in both short-term and long-term metrics highlights the company's strong fundamentals and market position, further supported by its fair valuation relative to peers. However, the falling investor participation, indicated by a 34.08% drop in delivery volume, could pose a concern for future price stability.