Why is Jubilant Ingrev. falling/rising?

As of 30-Jun, Jubilant Ingrevia Ltd's stock price is currently at Rs 761.90, reflecting an increase of Rs 10.45, or 1.39%. The stock has shown strong performance recently, outperforming its sector by 0.7% today and reaching an intraday high of Rs 770.8, which is a 2.58% increase. Over the past week, the stock has risen by 5.13%, and over the last month, it has appreciated by 8.63%. Despite a year-to-date decline of 7.47%, the stock has generated a remarkable return of 47.11% over the past year, significantly higher than the market average. The company's strong financial health is underscored by a low Debt to EBITDA ratio of 0.91 times and impressive growth in net profit, which has increased by 111.52% in the latest six months. Additionally, high institutional holdings at 23.04% indicate confidence from knowledgeable investors.
In the broader market context, Jubilant Ingrevia's short-term performance has outpaced the benchmark Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month. This indicates that the stock is gaining traction relative to the overall market. The company's ability to service its debt, coupled with consistent positive results over the last two quarters, supports its upward price movement. However, a decline in investor participation, as evidenced by a 15.15% drop in delivery volume, could pose a concern for sustained momentum. Overall, the stock's recent rise can be attributed to strong fundamentals and positive market sentiment, despite some signs of reduced trading activity.