Why is JP Power Ven. falling/rising?

As of 05-Sep, Jaiprakash Power Ventures Ltd is experiencing a price increase, currently at 19.08, reflecting a change of 0.9 or 4.95% upward. The stock has shown a positive trend today, outperforming its sector by 4.81% after a reversal from three consecutive days of decline. In terms of returns, the stock has gained 3.70% over the past week and has a year-to-date increase of 7.74%, indicating strong long-term performance with a remarkable 110.60% rise over the last three years. However, it is important to note that while the stock has generated a return of 6.47% over the past year, its profits have decreased by 51.3%, which may raise concerns among investors.
Broader Market Context: In comparison to the benchmark, the stock has outperformed the Sensex over the past week, which saw a modest increase of only 1.13%. This suggests that Jaiprakash Power Ventures Ltd is not only maintaining its value but also gaining traction in a market that is relatively stable. The stock's liquidity remains adequate for trading, although there has been a slight decline in investor participation, as indicated by a drop in delivery volume. Overall, the stock's attractive valuation and healthy long-term growth prospects contribute to its rising price, despite the recent profit decline.