Why is Jubilant Agri falling/rising?

As of 21-Jul, Jubilant Agri & Consumer Products Ltd is experiencing a price increase, currently at Rs. 2,023.40, which reflects a rise of 46.4 or 2.35%. The stock has recently hit a new 52-week and all-time high of Rs. 2,075.6, demonstrating strong performance with a 4.99% increase intraday. Over the past three days, the stock has gained 16.24%, significantly outperforming its sector by 3%. Additionally, the stock has shown impressive returns over the past week and month, with increases of 20.73% and 25.13%, respectively, while the benchmark Sensex has remained relatively flat during the same periods. Notably, there has been a substantial rise in investor participation, with delivery volume increasing by 224.68% against the five-day average, indicating heightened interest in the stock.
In the broader market context, while the Sensex has seen minimal movement, Jubilant Agri's strong short-term performance stands out, particularly with its significant gains compared to the benchmark. The stock's consistent trading above its moving averages further supports its upward trajectory, suggesting robust investor confidence. The liquidity of the stock is also favorable, allowing for sufficient trading activity. Overall, the combination of strong price momentum, increased investor participation, and positive technical indicators contributes to the stock's rising trend.