Why is JNK falling/rising?

As of 21-Jul, JNK India Ltd's stock price is currently at Rs 343.20, reflecting an increase of Rs 16.45 or 5.03%. The stock has shown a strong performance today, outperforming its sector by 5.16% and reaching an intraday high of Rs 345.55. Over the past week, the stock has gained 11.43%, contrasting with a slight decline of 0.06% in the Sensex. However, the stock has faced challenges in the longer term, with a year-to-date decline of 47.58% and a one-year drop of 53.30%. Positive factors contributing to the recent rise include high management efficiency indicated by a return on capital employed (ROCE) of 27.33%, a low debt-to-equity ratio, and healthy long-term growth with net sales increasing at an annual rate of 35.90%. Conversely, the stock's valuation appears expensive with a price-to-book ratio of 3.8, and it has experienced significant profit declines, which may temper investor enthusiasm.
In the broader market context, JNK India Ltd's recent short-term performance has been notably better than the benchmark Sensex, which has seen a minimal decline of 0.06% over the same week. This indicates that investor sentiment towards JNK may be improving, particularly in light of rising investor participation, as evidenced by a 111.78% increase in delivery volume on July 18 compared to the five-day average. However, the stock's long-term performance remains concerning, with substantial losses over the past year and underperformance relative to broader indices like the BSE500. Overall, while the stock is experiencing a short-term rally, the long-term outlook remains clouded by previous financial results and valuation concerns.