Why is Jindal Poly Inve falling/rising?

As of 09-Oct, Jindal Poly Investment & Finance Company Ltd is experiencing a significant rise in its stock price, currently at 1,036.55, reflecting an increase of 111.9 or 12.1%. The stock has shown strong performance today, outperforming its sector by 11.5% and achieving a consecutive gain over the last two days with a total return of 15.76%. Notably, the stock reached an intraday high of Rs 1109.55, marking a 20% increase. Over various periods, the stock has demonstrated impressive returns, including a 149.80% increase over three years and a staggering 7635.45% over five years. The stock is also trading above its moving averages across multiple time frames, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 113.53% against the five-day average.
In the broader market context, Jindal Poly's short-term performance significantly outpaces the benchmark, with a 1-week return of 9.01% compared to the Sensex's 1.47%. This trend of outperformance continues over longer periods, with the stock achieving a 13.40% return over the past month versus the Sensex's 1.32%. The liquidity of the stock is also favorable, as it is liquid enough for trading sizes of Rs 0.01 crore, which can attract more investors. Overall, the combination of strong stock-specific factors and favorable comparisons to the broader market contributes to the rising price of Jindal Poly Investment & Finance Company Ltd.