Why is Jindal Poly Inve falling/rising?

As of 17-Sep, Jindal Poly Investment & Finance Company Ltd is experiencing a price increase, currently at Rs 985.00, reflecting a rise of 20.35 (2.11%). The stock has shown strong performance today, outperforming its sector by 2.17% and reaching an intraday high of Rs 988.25. Over the past week, it has gained 6.45%, and in the last month, it has surged by 32.63%. The stock is also trading above its moving averages across various time frames, indicating a positive trend. However, despite a return of 19.39% over the past year, the company's profits have declined by 2.4%, and its long-term fundamental strength is considered weak with an average Return on Equity (ROE) of 11.49%.
In the broader market context, Jindal Poly's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.56% over the same week. The stock's liquidity appears sufficient for trading, with a delivery volume increase of 13.2% against the five-day average. However, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's valuation or business prospects. Overall, while the stock is currently rising, concerns about its long-term fundamentals and declining profits could temper investor enthusiasm.