Why is Jubilant Ingrev. falling/rising?

As of 17-Nov, Jubilant Ingrevia Ltd's stock price is rising, currently at 718.25, reflecting an increase of 35.55 or 5.21%. The stock has been on a positive trajectory, gaining for the last six days and achieving a total return of 9.42% during this period. It has outperformed its sector by 4.75% today and reached an intraday high of Rs 721.15. Despite these gains, the stock's year-to-date performance shows a decline of 12.77%, although it has generated a return of 9.45% over the past year, with profits rising by 64.1%. The company maintains a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.15 times, and it is trading at a discount compared to its peers' average historical valuations. However, concerns about long-term growth persist, as the operating profit has decreased at an annual rate of 5.79% over the last five years.
In the broader market context, Jubilant Ingrevia's short-term return of 8.29% over the past week significantly outpaces the Sensex, which has only increased by 1.69% during the same period. This indicates that the stock is gaining traction relative to the overall market. However, the stock's year-to-date decline contrasts with the Sensex's gain of 8.72%, suggesting that while recent performance is strong, there are underlying challenges that may affect its long-term growth potential. Additionally, falling investor participation, as indicated by a 24.68% drop in delivery volume, could signal caution among investors despite the recent price increase.