Why is Jubilant Ingrev. falling/rising?

As of 02-Jul, Jubilant Ingrevia Ltd's stock price is rising, currently at 773.45, reflecting an increase of 5.25 (0.68%). The stock has shown strong performance recently, outperforming its sector by 0.6% today and achieving a consecutive gain over the last three days with a total return of 2.93%. Over the past week, the stock has increased by 4.58%, and in the last month, it has risen by 5.50%. The company has reported positive financial results, including a net profit growth of 6.7% and a significant increase in PAT over the last six months, which has contributed to investor confidence. Additionally, the stock is trading above its moving averages, indicating a bullish trend, and has seen a rise in delivery volume, suggesting increased investor participation.
In the broader market context, Jubilant Ingrevia's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 0.79% over the same week. The stock's year-to-date performance shows a decline of 6.07%, contrasting with the Sensex's gain of 6.75%, indicating that while the stock has had a strong recent uptick, it has struggled earlier in the year. The high institutional holdings at 23.04% suggest that knowledgeable investors are backing the stock, which may further bolster its performance. Overall, the combination of strong financial results, positive market sentiment, and favorable trading conditions has contributed to the stock's recent rise.