Why is Jhaveri Credits falling/rising?

As of 24-Sep, Jhaveri Credits & Capital Ltd is experiencing a price increase, currently at 226.40, which reflects a rise of 3.4 or 1.52%. The stock has shown positive momentum, gaining for the last three days with a total return of 4.16% during this period. Despite touching an intraday low of Rs 217.05 earlier in the day, the stock has outperformed its sector by 1.61%. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 95.02% compared to the five-day average. However, the stock's performance over longer periods remains concerning, with a year-to-date decline of 16.13% and a one-year drop of 21.93%, indicating a challenging environment despite recent gains.
In the broader market context, the stock's short-term return of 3.24% over the past week contrasts sharply with the Sensex, which has declined by 1.18% during the same period. This suggests that Jhaveri Credits is currently gaining traction relative to the overall market. However, over the longer term, the stock has underperformed the benchmark, with a year-to-date return significantly lower than the Sensex's positive performance of 4.58%. This juxtaposition highlights that while the stock is experiencing a short-term rebound, it still faces challenges in regaining its footing in the broader market landscape.