Why is Jubilant Ingrev. falling/rising?

As of 13-Jun, Jubilant Ingrevia Ltd's stock price is rising, currently at 793.15, reflecting an increase of 109.7 or 16.05%. Today's performance indicates a significant turnaround, as the stock has gained after six consecutive days of decline, outperforming its sector by 16.34%. The stock reached an intraday high of Rs 805.65, showcasing high volatility with an intraday fluctuation of 6.02%. Over the past week, the stock has risen by 12.15%, while its one-year return stands at an impressive 53.53%, significantly surpassing the market's return of 5.61%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.91 times and a remarkable growth in net profit of 6.7%, contributing to positive investor sentiment.
Broader Market Context: In the short term, Jubilant Ingrevia's performance has been notably better than the benchmark, with a 12.15% increase over the past week compared to a decline of 1.30% in the Sensex. This outperformance is further highlighted by the stock's ability to generate substantial returns over the past year, indicating strong market confidence despite a year-to-date decline of 3.67% against the benchmark's gain of 3.81%. The high institutional holdings at 23.04% suggest that knowledgeable investors are backing the stock, which may contribute to its resilience and upward movement in the face of broader market challenges.