Why is JP Power Ven. falling/rising?

As of 07-Jul, Jaiprakash Power Ventures Ltd is experiencing a significant rise in its stock price, currently at Rs 22.66, reflecting an increase of 3.71 or 19.58%. The stock has shown strong performance today, outperforming its sector by 18.88% and has been gaining for the last two days, accumulating a total return of 21.37% during this period. Additionally, it is trading close to its 52-week high, just 4.9% away from Rs 23.77. The stock has also demonstrated impressive returns over various periods, including a 39.53% increase over the past month and a 259.68% rise over the last three years. However, it is important to note that while the stock has generated a return of 21.57% over the past year, its profits have declined by 40.6%, indicating underlying challenges.
In the broader market context, the stock's recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.20% over the past week. This indicates that Jaiprakash Power Ventures Ltd is not only outperforming its sector but also the overall market. The company has a healthy long-term growth outlook, with operating profit growing at an annual rate of 22.33%, and it is trading at a discount compared to its peers' historical valuations. However, concerns regarding management efficiency, as evidenced by a low Return on Capital Employed (ROCE) of 7.00%, and the significant pledge of promoter shares (79.2%) could pose risks in a falling market, potentially impacting investor confidence.