Why is Jindal Photo falling/rising?

As of 02-Sep, Jindal Photo Ltd's stock price is currently at Rs. 1,134.75, reflecting a decrease of Rs. 95.95, or 7.8%. The stock reached a new 52-week high of Rs. 1,289 earlier in the day but has since fallen after three consecutive days of gains. It experienced significant volatility, trading within a wide range of Rs. 181.35, with an intraday low of Rs. 1,107.65, which represents a 10% drop. Despite this decline, the stock has shown strong performance over various periods, including a 33.50% increase over the past week and a remarkable 294.97% rise over the last three years. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 457.96% against the five-day average.
In the broader market context, Jindal Photo's recent performance contrasts with the Sensex, which has seen a slight decline of 0.78% over the past week. While the stock has outperformed the benchmark in the longer term, its current drop may be attributed to profit-taking after reaching a high and the underperformance against its sector today. The liquidity of the stock remains adequate for trading, suggesting that while there is volatility, there is also sufficient market interest. Overall, the combination of recent highs, increased trading volume, and market dynamics contributes to the current downward movement in Jindal Photo's stock price.