Why is JSW Infrast falling/rising?

As of 19-Sep, JSW Infrastructure Ltd is experiencing a price increase, currently at 336.45, reflecting a rise of 8.9 or 2.72%. The stock has shown strong performance today, outperforming its sector by 1.72%, and reached an intraday high of Rs 339.35, which is a 3.6% increase. Over the past week, the stock has gained 7.03%, and for the month, it has risen by 7.56%. The company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 44.76% compared to the 5-day average. Positive financial indicators, such as a low Debt to EBITDA ratio of 0.64 times and impressive growth in net sales and operating profit, support the stock's upward movement. However, concerns about valuation and decreasing promoter confidence, with a 2% reduction in their stake, may pose risks to sustained growth.
Broader market context shows that while JSW Infrastructure Ltd has outperformed the Sensex in the short term, with a 7.03% gain over the past week compared to the Sensex's 0.88%, it has also shown a modest year-to-date return of 5.82% against the benchmark's 5.74%. This performance indicates that the stock is not only gaining traction within its sector but is also maintaining a competitive edge over the broader market. Despite the positive indicators, the stock's premium valuation relative to peers and the recent decline in promoter confidence could impact future performance, suggesting that while current trends are favorable, caution may be warranted moving forward.