Why is JP Power Ven. falling/rising?

As of 04-Jul, Jaiprakash Power Ventures Ltd is experiencing a price increase, currently at 18.95, reflecting a change of 0.28 or 1.5% upward. The stock has shown a positive trend today, outperforming its sector by 1.42% and reversing a decline after two consecutive days of falling prices. Over the past week, the stock has gained 4.75%, while its performance over the last month stands at an impressive 20.85%. Despite a slight decline of 0.52% over the past year, the stock has demonstrated significant long-term growth, with an annual operating profit increase of 22.33%. However, it is important to note that the stock's profits have decreased by 40.6% over the same period, which may be influencing investor sentiment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.74% over the past week. While the stock has been trading above its moving averages, indicating a bullish trend, there has been a notable decrease in investor participation, with delivery volume falling by 32.19% against the five-day average. This decline in participation could temper the stock's upward momentum despite its attractive valuation and liquidity, as it trades at a discount compared to peers. Overall, while Jaiprakash Power Ventures Ltd is currently rising, the mixed signals from its profitability and investor engagement suggest a cautious outlook moving forward.