Why is Jubilant Ingrev. falling/rising?

As of 29-Jul, Jubilant Ingrevia Ltd's stock price is rising, currently at Rs 805.90, with an increase of Rs 20.6 or 2.62%. The stock has outperformed its sector by 1.21% today and has gained consecutively over the last two days, reflecting a total return of 2.7% during this period. Despite a recent decline of 1.46% over the past week, the stock has shown a strong performance over the last month with a 7.25% increase, and an impressive 32.55% rise over the past year, significantly outperforming the broader market which has seen negative returns. Positive factors contributing to this rise include the company's strong ability to service debt, demonstrated by a low Debt to EBITDA ratio of 0.91 times, and robust net profit growth of 6.7% in recent quarters, indicating solid operational performance.
Broader Market Context: In comparison to the benchmark, the stock's performance over the last week has been slightly worse, as the Sensex declined by 1.03%. However, the stock's year-to-date performance is notably weaker than the benchmark, with a decline of 2.13% compared to the Sensex's gain of 4.09%. While the stock has shown resilience with a significant annual return of 32.55%, concerns such as poor long-term growth in net sales and a decrease in promoter confidence—evidenced by a 6.25% reduction in their stake—could pose risks to its future performance. Overall, the stock's recent upward movement is supported by strong quarterly results and market-beating performance, despite underlying challenges.