Why is Jigar Cables falling/rising?

As of 06-Oct, Jigar Cables Ltd is experiencing a price increase, currently at Rs 74.70, reflecting a rise of 5.3 or 7.64%. The stock has shown a strong performance today, outperforming its sector by 6.95% and has been gaining for the last two days, with a notable return of 14.92% over the past week. Despite opening with a loss of 10% today, the stock reached an intraday high of Rs 74.70, indicating a recovery. The stock has also been trading above its moving averages across various time frames, suggesting a positive trend. Additionally, there has been a rise in investor participation, with delivery volume increasing by 25% against the five-day average, which supports the upward movement. In the broader market context, Jigar Cables has significantly outperformed the benchmark Sensex over the past week, which has only increased by 1.77%. Year-to-date, the stock has gained 10.01%, compared to the Sensex's 4.67%, further highlighting its strong performance relative to the market. However, it is important to note that the stock has faced volatility, with an intraday volatility of 8.92% today, and has not traded on three days out of the last twenty, indicating some erratic trading behavior. Overall, the combination of strong short-term returns, rising investor interest, and positive technical indicators contribute to the stock's rising price.