Why is Jigar Cables falling/rising?

As of 04-Jul, Jigar Cables Ltd is experiencing a price increase, currently at Rs 66.00, reflecting a rise of 3.0 (4.76%). The stock has shown strong performance recently, gaining 14.88% over the past week and 20.44% over the past month. It has outperformed its sector by 4.79% today and has been on a consecutive gain streak for the last three days. However, there has been erratic trading, with the stock not trading on three days out of the last twenty, and a notable decline in delivery volume by 16.67% against the five-day average, indicating a potential decrease in investor participation. The stock is currently trading above its 5-day, 20-day, and 200-day moving averages, but below its 50-day and 100-day moving averages.
In the broader market context, Jigar Cables' short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.74% over the past week while Jigar Cables has risen by 14.88%. This indicates a strong relative strength of Jigar Cables compared to the overall market. Year-to-date, however, Jigar Cables is down 2.80%, while the Sensex has gained 6.77%, suggesting that while the stock is currently performing well, it has faced challenges earlier in the year. Overall, the recent upward movement in Jigar Cables' stock price can be attributed to its strong short-term performance and sector outperformance, despite some concerns regarding trading volume and investor participation.