Why is Jindal Photo falling/rising?

As of 19-Nov, Jindal Photo Ltd is experiencing a price increase, currently at Rs 1,442.00, reflecting a rise of Rs 82.1 or 6.04%. The stock has shown strong performance today, outperforming its sector by 5.18% and reaching an intraday high of Rs 1,509.7, which is an increase of 11.02%. Over the past week, the stock has gained 4.36%, and it has demonstrated impressive returns over longer periods, including a year-to-date increase of 58.58% and a staggering 10,379.65% rise over the past five years. The stock is trading above its moving averages across multiple time frames, indicating a bullish trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 47.83% compared to the five-day average, suggesting strong interest in the stock.
In the broader market context, Jindal Photo's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.85% over the past week. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. The liquidity of the stock is adequate for trading, as it represents 2% of the five-day average traded value, further supporting its upward movement. Overall, the combination of strong stock-specific factors and favorable comparisons to the benchmark suggests a positive sentiment surrounding Jindal Photo Ltd.