Why is JP Power Ven. falling/rising?

As of 29-Jul, Jaiprakash Power Ventures Ltd's stock price is rising, currently at Rs 21.49, reflecting an increase of 1.02 or 4.98%. The stock has shown a strong performance today, outperforming its sector by 4% and achieving a consecutive gain over the last two days with a total return of 6.81%. Over the past month, the stock has risen by 18.79%, while it has generated a return of 10.77% over the past year. Despite a significant drop in profits by 40.6% over the same period, the company maintains a healthy long-term growth outlook with an operating profit growth rate of 22.33%. The stock is currently trading at a discount compared to its peers, which may contribute to its recent upward movement.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, as it has gained 0.28% over the past week while the Sensex has declined by 1.03%. This trend of outperformance is consistent with the stock's historical performance, where it has outperformed the BSE500 over the last three years, one year, and three months. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 30.71% against the five-day average, which could indicate a potential concern for future trading activity. Overall, the stock's recent rise can be attributed to its strong performance metrics and favorable valuation compared to peers, despite some underlying challenges.