Why is Jubilant Ingrev. falling/rising?

As of 03-Jul, Jubilant Ingrevia Ltd's stock price is currently at 781.55, reflecting an increase of 8.1, or 1.05%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 4.01% during this period. It has outperformed its sector by 0.57% today, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a remarkable return of 48.57%, significantly surpassing the market's performance. 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 positively influenced investor sentiment.
In the broader market context, Jubilant Ingrevia's short-term return of 1.65% over the past week stands in stark contrast to the Sensex, which has declined by 0.62%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the market. Despite a slight decrease in delivery volume, which fell by 9.96% against the 5-day average, the stock remains liquid enough for trading. The high institutional holdings at 23.04% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement.