Why is Jhaveri Credits falling/rising?

As of 24-Jun, Jhaveri Credits & Capital Ltd's stock price is currently at Rs 263.70, reflecting an increase of Rs 3.95 or 1.52%. The stock has shown a positive trend recently, gaining 11.27% over the last three days and outperforming its sector by 0.6% today. It opened with a gain of 2.79% and reached an intraday high of Rs 272.45. However, despite these short-term gains, the stock has underperformed over the past year, with a return of -23.95%. The company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by its negative profit after tax and low return on equity.
Broader Market Context: In the short term, Jhaveri Credits has outperformed the benchmark Sensex, which only gained 0.58% over the past week, while the stock increased by 9.83%. Despite these recent gains, the stock's long-term performance remains concerning, as it has significantly lagged behind the broader market, which has generated a return of 5.01% year-to-date. The stock's valuation is considered expensive compared to its peers, and the decline in investor participation, as evidenced by a 48.95% drop in delivery volume, suggests caution among investors.