Why is Jubilant Agri falling/rising?

As of 17-Jul, Jubilant Agri & Consumer Products Ltd is experiencing a significant rise in its stock price, currently at Rs. 1,843.45, reflecting an increase of Rs. 102.75 or 5.9%. The stock has recently hit a new 52-week and all-time high of Rs. 1,864, demonstrating strong performance today as it outperformed its sector by 5.8%. Over the past week, the stock has shown a return of +8.88%, while in the past month, it has increased by +11.10%. However, it is noteworthy that there has been a decline in investor participation, with delivery volume dropping by 64.17% against the 5-day average, which may indicate a potential concern for future trading activity.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.12% over the past week and increased only by 0.83% in the past month. This indicates that Jubilant Agri is not only rising in price but is also gaining traction against a backdrop of a generally weaker market. The stock is trading above all its moving averages, suggesting a strong upward trend. Despite the falling investor participation, the liquidity remains sufficient for trading, which could support continued interest in the stock.