Why is Jubilant Ingrev. falling/rising?

As of 10-Jul, Jubilant Ingrevia Ltd is experiencing a price increase, currently at 816.65, reflecting a rise of 14.7 points or 1.83%. The stock has outperformed its sector by 2.4% today, reaching an intraday high of Rs 820.55. Over the past week, the stock has shown a return of 4.49%, significantly higher than the Sensex, which has remained nearly flat at -0.06%. Despite a decline in delivery volume by 32.06% against the 5-day average, the stock is trading above all key moving averages, indicating strong momentum. The company's strong financial performance, including a low Debt to EBITDA ratio of 0.91 times and a net profit growth of 6.7%, supports its positive price movement. However, concerns about long-term growth persist, as net sales have decreased at an annual rate of -5.49% over the last five years.
In the broader market context, Jubilant Ingrevia's recent performance contrasts sharply with the benchmark, as it has generated a return of 40.60% over the past year, compared to the Sensex's return of only 4.09%. This significant outperformance highlights the stock's strong market position, bolstered by high institutional holdings at 23.04%, which suggests confidence from knowledgeable investors. While the stock's recent gains are impressive, the underlying issues of poor long-term growth and high valuation metrics may temper future expectations.