Why is Jubilant Agri falling/rising?

As of 18-Jul, Jubilant Agri & Consumer Products Ltd is experiencing a significant rise in its stock price, currently at Rs. 1,977.00, reflecting an increase of Rs. 133.55 or 7.24%. The stock has recently hit a new 52-week and all-time high of Rs. 1,990, demonstrating strong upward momentum. Over the past week, the stock has gained 17.14%, and in the last two days alone, it has risen by 13.57%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust bullish trend. The recent surge in investor participation, with a delivery volume increase of 493.4% compared to the 5-day average, further supports the stock's positive movement.
Broader Market Context: In contrast to the broader market, represented by the Sensex, which has seen a decline of 0.90% over the past week, Jubilant Agri's performance stands out as exceptionally strong. The stock has outperformed its sector by 7.9% today, highlighting its relative strength in a challenging market environment. While the Sensex has only gained 0.38% over the past month, Jubilant Agri's 21.14% increase underscores its resilience and attractiveness to investors, contributing to the stock's upward trajectory.