Why is JNK falling/rising?

As of 06-Oct, JNK India Ltd is experiencing a price increase, currently at Rs 305.45, reflecting a rise of Rs 27.75 or 9.99%. The stock has shown strong performance today, outperforming its sector by 10.42% and achieving consecutive gains over the last two days with a total return of 10.35%. In the past week, the stock has increased by 9.80%, while its one-month return stands at 4.12%. However, despite these short-term gains, the company has faced significant challenges, including a drastic fall in net sales by 48.06% and a substantial decline in profit after tax by 85% compared to previous quarters. The company maintains a high management efficiency with a return on capital employed (ROCE) of 27.33% and a low debt-to-equity ratio of 0.09, which may contribute positively to investor sentiment.
In the broader market context, JNK India Ltd's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 1.77% over the past week and 1.34% over the past month. Despite the stock's recent upward movement, it has underperformed significantly over the longer term, with a year-to-date decline of 53.35% compared to a 4.67% increase in the Sensex. This underperformance is compounded by a lack of investor participation, as indicated by a 31.53% drop in delivery volume against the five-day average. Overall, while the stock is currently rising, its long-term outlook remains concerning due to past performance and declining sales figures.