Why is Jubilant Ingrev. falling/rising?

As of 15-Jul, Jubilant Ingrevia Ltd is experiencing a price increase, currently at 823.65, reflecting a rise of 15.75 or 1.95%. The stock has shown strong performance today, outperforming its sector by 0.7%, and has gained consecutively over the last two days, with a total return of 2.67% in this period. It reached an intraday high of Rs 831.8, and 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 return of 40.94%, significantly outperforming the BSE500 benchmark, which returned only 0.37%. However, there is a noted decline in investor participation, with delivery volume dropping by 32.41% compared to the 5-day average.
In the broader market context, Jubilant Ingrevia's short-term performance of +1.31% over the past week contrasts with the Sensex, which has declined by 1.36%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.91 times and a 6.7% growth in net profit, contribute positively to its stock movement. Additionally, high institutional holdings at 23.04% suggest confidence from knowledgeable investors. However, concerns regarding long-term growth persist, as net sales have decreased at an annual rate of -5.49% over the last five years, which could temper future performance despite the current upward trend.