Why is Jindal Photo falling/rising?

As of 03-Sep, Jindal Photo Ltd's stock price is rising, currently at 1,209.25, reflecting an increase of 74.5 or 6.57%. The stock has shown strong performance today, outperforming its sector by 6.43%, and reached an intraday high of Rs 1241.7, which is a 9.42% increase. Additionally, Jindal Photo is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The stock has also experienced a significant rise in investor participation, with delivery volume increasing by 279.23% compared to the 5-day average. Over the past year, the stock has delivered a return of 45.87%, significantly outperforming the Sensex, which has declined by 2.41%.
In the broader market context, Jindal Photo's short-term return of 42.26% over the past week contrasts sharply with the Sensex, which has seen a slight decline of 0.27%. This divergence suggests that Jindal Photo is gaining traction among investors despite a generally subdued market. The stock's impressive long-term performance, with a staggering 8937.74% increase over the past five years compared to the Sensex's 106.63%, further highlights its strong position. Overall, the combination of robust trading activity, positive price movements, and significant outperformance against the benchmark indicates a favorable outlook for Jindal Photo Ltd.