Why is Jubilant Ingrev. falling/rising?

As of 26-Jun, Jubilant Ingrevia Ltd's stock price is rising, currently at Rs 768.90, reflecting an increase of Rs 29.35 or 3.97%. The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 9.47% during this period. It has outperformed its sector by 3.89% today and has also touched an intraday high of Rs 776. The stock's performance over the past week shows a return of 9.23%, significantly higher than the Sensex's 2.94% increase. Additionally, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.91 times and impressive growth in net profit, which has contributed to positive investor sentiment.
Broader market context indicates that while Jubilant Ingrevia has performed well recently, its year-to-date return is down by 6.62%, contrasting with the Sensex's gain of 7.19%. Despite this, the stock has generated a remarkable return of 43.77% over the past year, outperforming the broader market's return of 4.11%. The high institutional holdings at 23.04% suggest confidence from more sophisticated investors, which may further support the stock's upward movement. However, a decline in delivery volume by 41.39% against the 5-day average indicates a potential concern regarding investor participation, which could impact future price movements.