Why is JP Power Ven. falling/rising?

As of 11-Aug, Jaiprakash Power Ventures Ltd's stock price is currently at 19.37, reflecting an increase of 0.23 or 1.2%. The stock has been gaining for the last two days, with a total return of 2.27% during this period. Although the stock has experienced a decline of 18.06% over the past month, it has shown strong performance year-to-date with a return of 9.37%. The stock is trading above its 100-day and 200-day moving averages, indicating some positive momentum, while the delivery volume has increased by 8.73% against the 5-day average, suggesting rising investor participation. However, it is important to note that despite the recent gains, the stock's profits have fallen by 51.3% over the past year, which could be a concern for investors.
In the broader market context, the stock's short-term performance of -0.46% over the past week is slightly better than the benchmark Sensex, which has declined by 0.51% during the same period. This indicates that while the stock is facing challenges, it is still managing to outperform the broader market slightly in the short term. The company has demonstrated healthy long-term growth potential, with an operating profit growth rate of 20.50% annually and a return on capital employed (ROCE) of 9.5%. Additionally, the stock is trading at a discount compared to its peers, which may attract investors looking for value. Overall, the combination of recent gains, strong long-term growth prospects, and improved liquidity contributes to the stock's upward movement despite the significant profit decline over the past year.