Why is Jubilant Food falling/rising?

As of 24-Sep, Jubilant Foodworks Ltd's stock price is currently at Rs 628.50, reflecting an increase of Rs 11.95 or 1.94%. The stock has shown a positive trend today, having outperformed its sector by 1.68% and opened with a gain of 2.16%. After two consecutive days of decline, the stock has reversed its trend, reaching an intraday high of Rs 632.45. Despite a year-to-date decline of 12.35%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 20.26%. However, the stock has faced challenges, including a decrease in promoter confidence as their stake has fallen by 1.67%, which may indicate concerns about the company's future.
In the broader market context, the stock's short-term performance has been relatively better compared to the benchmark, as it gained 0.18% over the past week while the Sensex declined by 1.18%. Despite this, the stock has consistently underperformed against the benchmark over the last three years, with a return of -11.18% in the past year compared to a -3.77% decline in the Sensex. This underperformance, coupled with the recent decline in promoter confidence, suggests that while there may be short-term gains, the long-term outlook remains uncertain, impacting investor sentiment.