Why is JSW Infrast falling/rising?

As of 22-Sep, JSW Infrastructure Ltd's stock price is currently at 338.50, reflecting an increase of 2.05 (0.61%). The stock has been gaining momentum, having risen 3.34% over the last two days, and is trading above all its moving averages, indicating positive short-term trends. Despite underperforming its sector by 0.53% today, the stock has shown strong returns over the past week and month, with increases of 7.53% and 10.86%, respectively. The company's strong financial metrics, including a low Debt to EBITDA ratio of 0.64 and significant growth in net sales and operating profit, support its positive outlook. However, concerns about valuation, as indicated by a high Enterprise value to Capital Employed ratio and decreasing promoter confidence due to a 2% reduction in their stake, may temper investor enthusiasm.
Broader market context shows that while JSW Infrastructure has outperformed the Sensex over the past week and month, with returns of 7.53% and 10.86% compared to the index's 0.46% and 1.05%, respectively, the stock's performance over the past year has been modest, generating only a 0.71% return while the Sensex has declined by 2.82%. This divergence suggests that while the stock is currently experiencing positive momentum, broader market conditions may still pose challenges. The liquidity of the stock, indicated by a significant increase in delivery volume, further supports its trading activity, but the mixed signals from promoter confidence and valuation metrics could influence future price movements.