Why is Jubilant Ingrev. falling/rising?

As of 13-Oct, Jubilant Ingrevia Ltd's stock price is rising, currently at 705.95, reflecting an increase of 55.1 or 8.47%. The stock has outperformed its sector today by 8.62% and has experienced consecutive gains over the last two days, with an overall return of 8.9% during this period. The stock reached an intraday high of Rs 717.9, indicating strong short-term momentum. Despite this positive movement, the stock has shown a decline of 0.25% over the past month and a significant drop of 14.26% year-to-date. Positive factors contributing to the recent rise include the company's strong ability to service debt, as evidenced by a low Debt to EBITDA ratio of 0.91 times, and positive financial results over the last three quarters, including a substantial growth in PAT and EPS. However, the stock's long-term growth prospects are hindered by a decline in net sales and operating profit over the past five years, as well as a reduction in promoter confidence due to a decrease in their stake.
In the broader market context, Jubilant Ingrevia's short-term return of 7.89% over the past week significantly outpaces the Sensex, which has only increased by 0.66% during the same period. This indicates that while the stock is experiencing a positive short-term trend, it has underperformed compared to the benchmark over longer time frames, including a 14.26% decline year-to-date versus a 5.36% increase in the Sensex. The stock's recent performance, while strong in the short term, is juxtaposed against a backdrop of poor long-term growth and declining promoter confidence, suggesting that investors may be cautious despite the recent gains.