Why is Jubilant Ingrev. falling/rising?

As of 04-Jul, Jubilant Ingrevia Ltd is experiencing a price increase, currently at 785.65, reflecting a change of 4.1 (0.52%) upward. The stock has shown a positive trend, gaining 4.55% over the past week and 7.84% over the past month, while it has consistently outperformed its moving averages across various time frames. Despite a recent decline in delivery volume, which fell by 37.04% against the 5-day average, the stock's strong financial performance, including a 6.7% growth in net profit and a significant increase in PAT over the last six months, supports its upward movement. Additionally, the company boasts a low Debt to EBITDA ratio of 0.91 times and high institutional holdings at 23.04%, indicating robust fundamentals that attract investor confidence.
In the broader market context, Jubilant Ingrevia's recent performance contrasts sharply with the benchmark Sensex, which has declined by 0.74% over the past week. While the stock has generated a remarkable return of 45.02% over the last year, significantly outperforming the market's 2.13% return, it is important to note that year-to-date, the stock is down 4.58%, while the Sensex has gained 6.77%. This divergence highlights the stock's potential for recovery and growth, particularly in light of its recent positive financial results and market-beating performance.