Why is JNK falling/rising?

As of 15-Sep, JNK India Ltd is experiencing a price increase, currently at Rs 306.20, reflecting a rise of Rs 9.85 or 3.32%. The stock has shown positive momentum, gaining 4.86% over the last two days and outperforming its sector by 3.28% today. Despite a negative performance in the longer term, with a year-to-date decline of 53.23%, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 27.33% and a low debt-to-equity ratio of 0.09. However, the company has faced challenges, including a significant drop in net sales of 48.06% and a steep decline in profit after tax (PAT) by 85% compared to the previous four-quarter average, which raises concerns about its valuation and future performance.
In the broader market context, JNK India Ltd's short-term return of 5.57% over the past week significantly outpaces the Sensex's return of 1.24% during the same period. This indicates that while the stock is currently gaining traction, it has struggled in the longer term, with a one-year return of -56.41% compared to a slight decline of 1.33% for the Sensex. The stock's recent gains may be attributed to its relatively strong management metrics and institutional support, but the underlying financial challenges and poor historical performance suggest caution for investors.