Why is JMJ Fintech falling/rising?

As of 13-Nov, JMJ Fintech Ltd's stock price is rising, currently at Rs 18.53, reflecting an increase of Rs 2.88 or 18.4%. The stock has shown strong performance today, outperforming its sector by 18.42% and has been on a consecutive gain streak for the last four days, accumulating a total return of 25.03% during this period. It opened with a significant gain of 4.79% and reached an intraday high of Rs 18.78, indicating robust investor interest. Additionally, the stock's delivery volume has surged by 382.22% compared to the five-day average, suggesting rising investor participation. However, the stock remains lower than its 100-day and 200-day moving averages, which may indicate some underlying caution despite the recent gains.
In the broader market context, JMJ Fintech's short-term performance over the past week shows a return of +21.59%, significantly outperforming the Sensex, which only increased by 1.40% during the same period. This stark contrast highlights the stock's strong momentum relative to the benchmark. While the stock has experienced a decline of 31.85% year-to-date, the recent upward trend may reflect a recovery phase as investors respond positively to the increased trading activity and high dividend yield of 3.83%. Overall, the combination of strong short-term gains and rising investor participation suggests a favorable sentiment towards JMJ Fintech amidst a generally stable market backdrop.