Why is Jubilant Ingrev. falling/rising?

As of 14-Jul, Jubilant Ingrevia Ltd's stock price is currently at Rs 807.90, reflecting an increase of Rs 5.7, or 0.71%. The stock has shown a positive performance today, reaching an intraday high of Rs 821.25, which is a 2.37% increase. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past week, the stock has gained 1.18%, while it has outperformed the benchmark Sensex over the last year with a return of 35.10%. Positive factors contributing to this rise include the company's strong ability to service debt, as evidenced by a low Debt to EBITDA ratio of 0.91 times, and a growth in net profit of 6.7%. However, there are concerns regarding long-term growth, as net sales have declined at an annual rate of -5.49% over the last five years.
Broader market context shows that while Jubilant Ingrevia has performed well in the short term, the benchmark Sensex has experienced a decline of 1.42% over the past week. This indicates that the stock's recent rise is occurring in a challenging market environment. Despite the stock's strong institutional holdings at 23.04% and its ability to generate positive returns over the past year, the overall market sentiment remains cautious. The company's long-term growth prospects are tempered by declining sales and operating profit, which could pose risks to sustained price increases moving forward.