Why is Jindal Leasefin falling/rising?

As of 07-Nov, Jindal Leasefin Ltd's stock price is rising, currently at Rs 49.35, reflecting an increase of Rs 2.35 or 5.0%. The stock has shown strong performance recently, gaining 14.77% over the last seven days and outperforming its sector by 3.48% today. It has consistently traded above its moving averages across various time frames, indicating a bullish trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 86.21% compared to the five-day average, which may raise concerns about the sustainability of this upward movement.
In the broader market context, Jindal Leasefin's short-term return of 12.16% over the past week significantly outpaces the Sensex, which has declined by 0.86% during the same period. This strong performance relative to the benchmark suggests that the stock is attracting investor interest despite the overall market conditions. Additionally, the stock's year-to-date return of 14.10% also surpasses the Sensex's 6.50%, reinforcing its positive momentum in a challenging market environment.