Why is Jubilant Ingrev. falling/rising?

As of 08-Jul, Jubilant Ingrevia Ltd's stock price is rising, currently at 813.00, reflecting an increase of 14.5 (1.82%). The stock has been on a positive trajectory, gaining for the last seven days and achieving an 8.19% return during this period. It has outperformed its sector by 2.75% today and reached an intraday high of Rs 817. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.91 times and a growth in net profit of 6.7%, contributing to positive investor sentiment. High institutional holdings at 23.04% further support the stock's performance, as these investors typically have better analytical resources.
In the broader market context, Jubilant Ingrevia's short-term return of 5.83% over the past week significantly outpaces the Sensex, which has only increased by 0.02%. Over the past month, the stock has risen by 14.95%, compared to the Sensex's 1.85% increase, indicating a strong relative performance. Despite a year-to-date decline of 1.26%, the stock's impressive 50.56% return over the past year highlights its market-beating performance, especially against the BSE500's returns of 1.98%. This combination of strong recent performance and positive financial indicators has contributed to the stock's upward movement.