Why is Jigar Cables falling/rising?

As of 10-Nov, Jigar Cables Ltd is experiencing a price increase, currently at Rs 69.40, reflecting a rise of 6.4 or 10.16%. Today's trading has shown significant volatility, with the stock opening down by 9.05% but later reaching an intraday high of Rs 69.40. Over the past week, the stock has outperformed the sector by 9.15%, although it has faced challenges with erratic trading, having not traded on five days out of the last twenty. The stock's year-to-date performance shows a modest gain of 2.21%, but it has declined by 14.56% over the past year. Notably, there has been a decrease in investor participation, with delivery volume falling by 37.5% against the five-day average, which may indicate reduced confidence among investors.
Broader market context reveals that while Jigar Cables has shown a positive return of 10.16% over the past week, the benchmark Sensex has declined by 0.53% during the same period. This suggests that the stock's recent rise is somewhat isolated from broader market trends, which have been less favorable. The stock's performance over the last month has been negative at -6.47%, contrasting with the Sensex's positive return of 1.25%, indicating that while the stock is currently rising, it has struggled to maintain consistent performance in the longer term.