Why is Jetking Infotrai falling/rising?

As of 19-Aug, Jetking Infotrain Ltd's stock price is currently at Rs. 348.65, reflecting an increase of Rs. 6.8 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a positive trajectory, gaining 10.37% over the last five days. Additionally, the stock has significantly outperformed the sector by 0.67%. Despite these positive movements, there are concerns regarding the company's long-term fundamental strength, as indicated by a low average Return on Equity (ROE) of 2.58% and a weak EBIT to Interest ratio of -4.40. Furthermore, the company's recent financial performance has shown a decline, with a 77.1% drop in PAT for the quarter ending June 25 and a significant reduction in cash reserves.
In the broader market context, Jetking Infotrain has outperformed the benchmark Sensex in both the short and long term, with a 1-week return of 8.21% compared to the Sensex's 1.76%. Over the past month, the stock has surged by 45.21%, while the Sensex has remained nearly flat at -0.14%. However, the stock's rising price comes amid a notable decrease in investor participation, with delivery volume falling by 88.8% against the 5-day average. This decline in participation could signal potential concerns among investors regarding the sustainability of the stock's upward momentum, despite its impressive historical returns.