Why is Jubilant Agri falling/rising?

As of 29-Jul, Jubilant Agri & Consumer Products Ltd is experiencing a significant rise in its stock price, currently at Rs. 2,360.00, reflecting an increase of Rs. 249.0 or 11.8%. The stock has shown strong performance today, having outperformed its sector by 11.49% and reaching a new 52-week high of Rs. 2,444. The stock opened with a gain of 2.77% and has traded in a wide range, indicating high volatility with an intraday volatility of 8.95%. Additionally, the stock has gained after two consecutive days of decline and is trading above its moving averages, suggesting a positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 53.19% compared to the 5-day average, which could indicate a potential concern for sustained momentum.
Broader Market Context: In the short term, Jubilant Agri has outperformed the benchmark Sensex, which has declined by 1.03% over the past week while the stock has risen by 16.32%. Over the past month, the stock has increased by 39.60%, contrasting sharply with the Sensex's decline of 3.24%. This strong performance relative to the benchmark highlights the stock's resilience and appeal to investors, despite the broader market's challenges. The liquidity of the stock remains adequate for trading, further supporting its upward movement in the current market environment.