Why is Jonjua Overseas falling/rising?

As of 28-Jul, Jonjua Overseas Ltd. is experiencing a price increase, currently at Rs 10.88, reflecting a rise of Rs 1.33 or 13.93%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 15.15% today and reached an intraday high of Rs 10.88. The stock has also demonstrated high volatility with an intraday volatility of 6.46%. Notably, the stock's performance over the past week has been positive at +0.74%, while it has increased by 8.26% over the past month, contrasting with the Sensex, which has declined by 1.59% and 3.77% in the same periods, respectively. Additionally, rising investor participation is evident, with delivery volume increasing by 172.73% against the five-day average.
In the broader market context, Jonjua Overseas Ltd.'s recent performance stands out as it has outperformed the Sensex, which has shown negative returns in both the short term and over the past month. While the stock has gained 6.67% year-to-date compared to the Sensex's 3.52%, it has also shown significant long-term growth over three years at +69.31% against the benchmark's +42.27%. This indicates a strong relative performance, particularly in the context of recent market trends. Overall, the combination of positive short-term movements, increased trading volume, and a favorable comparison to the benchmark suggests a robust outlook for Jonjua Overseas Ltd.