Why is Jayaswal Neco falling/rising?

As of 06-Oct, Jayaswal Neco Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 72.40, reflecting a change of 0.16 (0.22%) upward. The stock has shown strong performance recently, gaining 7.53% over the last three days and outperforming its sector by 1.3%. It is also trading close to its 52-week high, just 4.27% away from Rs 75.49. Over the past week, the stock has risen by 5.49%, and year-to-date, it has achieved an impressive return of 85.64%. The company has reported healthy long-term growth, with operating profit increasing at an annual rate of 37.36%, and it has declared positive results for the last two consecutive quarters, which has contributed to investor confidence.
In the broader market context, Jayaswal Neco's recent performance has outpaced the Sensex, which has only increased by 1.77% over the past week. The stock's liquidity is also favorable, with a delivery volume that has risen significantly, indicating increased investor participation. However, there are risks associated with the stock, notably that 99.87% of promoter shares are pledged, which could exert downward pressure in a falling market. Despite this risk, the stock's strong historical performance and fair valuation compared to peers suggest a positive outlook, contributing to its rising price.