Why is Jubilant Agri falling/rising?

As of 03-Jul, Jubilant Agri & Consumer Products Ltd is experiencing a price increase, with its current price at Rs 1,729.70, reflecting a rise of Rs 19.7 or 1.15%. The stock has shown strong performance recently, with a 1-week return of +2.65% and a 1-month return of +13.18%, significantly outperforming the Sensex, which has seen a decline of -0.62% over the same week and a modest gain of +3.10% over the month. The stock is currently trading close to its 52-week high, just 4.17% away from Rs 1,801.75, and has outperformed its sector by 0.93% today. However, there has been a decline in investor participation, with delivery volume falling by -12.93% against the 5-day average, which may indicate some caution among investors.
In the broader market context, Jubilant Agri's recent performance stands in stark contrast to the Sensex, which has struggled in the short term. While the stock has shown resilience and upward momentum, the benchmark index has faced challenges, highlighting the stock's relative strength. Despite the positive price movement, the decline in delivery volume could suggest that while the stock is gaining in price, investor enthusiasm may not be as robust, which could impact future performance. Overall, the stock's rise is supported by strong short-term returns and favorable trading conditions, despite some signs of reduced investor engagement.