Why is Jubilant Ingrev. falling/rising?

As of 24-Jul, Jubilant Ingrevia Ltd's stock price is currently at Rs 821.00, reflecting an increase of Rs 15.85 or 1.97%. Today's price summary indicates that the stock has outperformed its sector by 1.62% and has experienced a trend reversal, gaining after four consecutive days of decline. Despite opening with a loss of 2.4%, the stock reached an intraday high of Rs 829.9, showcasing volatility within the trading day. Over the past week, the stock has seen a decline of 1.32%, but it has generated a notable return of 40.75% over the past year, significantly outperforming the market's return of 2.54%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.91 times and a substantial growth in net profit, have contributed positively to its recent price movement. However, concerns regarding long-term growth due to negative trends in net sales and operating profit over the last five years may temper investor enthusiasm.
In the broader market context, Jubilant Ingrevia's short-term performance has been slightly weaker than the benchmark, with a 1-week decline of 1.32% compared to a minimal drop of 0.09% in the Sensex. Despite this, the stock's year-to-date performance shows a slight underperformance of 0.29% against the Sensex's gain of 5.18%. The rising investor participation, evidenced by a 73.32% increase in delivery volume, suggests growing interest in the stock, which may help counterbalance some of the negative sentiment stemming from its long-term growth challenges. Overall, while the stock is currently rising, it faces mixed signals from both its financial health and market conditions.