Why is Jayaswal Neco falling/rising?

As of 17-Nov, Jayaswal Neco Industries Ltd is experiencing a price increase, with its current price at 76.57, reflecting a rise of 2.07 (2.78%). The stock has shown strong performance today, outperforming its sector by 2.75% and reaching an intraday high of Rs 77.34. Over the past week, the stock has increased by 5.34%, and it has delivered impressive returns of 12.79% over the past month. The company has reported outstanding results, with a significant growth in operating profit and net sales, contributing to a robust return of 87.08% over the past year. However, it is important to note that 99.9% of promoter shares are pledged, which poses a risk in volatile market conditions.
In the broader market context, Jayaswal Neco's recent performance has outpaced the benchmark Sensex, which has only increased by 1.69% over the past week. The stock's strong returns over various periods, including a remarkable 201.46% increase over three years, indicate a solid long-term growth trajectory. Despite a decline in investor participation, as evidenced by a 30.19% drop in delivery volume, the stock remains liquid enough for trading. Overall, the combination of strong financial results and market-beating performance supports the stock's upward movement, even as the high percentage of pledged shares introduces potential risks.