Why is JTL Industries falling/rising?

As of 10-Jul, JTL Industries Ltd is experiencing a price increase, currently at Rs 84.54, reflecting a rise of Rs 3.68 or 4.55%. The stock has shown strong performance recently, gaining 9.44% over the past week and outperforming its sector by 3.75% today. It has been on a consecutive gain streak for five days, with an intraday high of Rs 86. However, despite this positive short-term movement, the stock has a negative year-to-date return of -11.66% and has underperformed over the last year with a decline of -22.26%. Positive factors contributing to the recent rise include high management efficiency indicated by a return on equity (ROE) of 17.92% and a low debt to EBITDA ratio of 0.39, suggesting strong financial health. Additionally, there has been increasing participation from institutional investors, which may bolster confidence in the stock.
In the broader market context, JTL Industries has significantly outperformed the Sensex in the short term, with a 9.44% return over the past week compared to a negligible -0.06% return for the benchmark. However, the stock's long-term performance remains concerning, as it has underperformed the market over the past year, with the BSE500 generating a positive return of 1.46%. The company has faced challenges, including negative results for the last three consecutive quarters and a decline in profits, which may weigh on investor sentiment despite the recent uptick in price.