Why is JP Power Ven. falling/rising?

As of 11-Jul, Jaiprakash Power Ventures Ltd is experiencing a price increase, currently at Rs. 23.64, which reflects a rise of 0.62 or 2.69%. The stock has recently hit a new 52-week high of Rs. 24.86 and has outperformed its sector by 2.97%. Over the last two days, the stock has gained a total of 5.68%, and it is trading above all key moving averages, indicating strong momentum. However, there is a notable decline in investor participation, with delivery volume falling by 28.48% compared to the five-day average. Despite this, the stock has demonstrated impressive long-term growth, with an annual operating profit growth rate of 22.33%, and it is currently trading at a discount compared to its peers.
In the broader market context, Jaiprakash Power Ventures Ltd has significantly outperformed the benchmark Sensex, with a one-week return of 24.75% compared to the Sensex's decline of 1.12%. This trend of outperformance is consistent over various periods, including a year-to-date return of 33.48% against the Sensex's 5.58%. The stock's ability to generate a return of 26.48% over the past year, despite a 40.6% drop in profits, highlights its resilience and market-beating performance in both the long and near term. Overall, the combination of strong recent gains, positive long-term growth prospects, and relative outperformance against the benchmark contributes to the stock's rising price.