Why is Jubilant Pharmo falling/rising?

As of 29-Oct, Jubilant Pharmova Ltd's stock price is rising, currently at 1,135.55, reflecting an increase of 15.75 or 1.41%. The stock has outperformed its sector today by 0.67%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 39.21% compared to the 5-day average. Over the past month, the stock has gained 6.98%, which is a positive performance compared to the Sensex's 5.76% increase, although it has underperformed in the 1-week period with a decline of 0.78% against the Sensex's gain of 0.68%. The positive factors contributing to the stock's recent movement include strong liquidity, as it is liquid enough for a trade size of Rs 0.46 crore.
In the broader market context, while Jubilant Pharmova's year-to-date return stands at 2.68%, it lags behind the Sensex's 8.78% return. However, the stock has shown impressive long-term performance, with a 206.00% increase over the past three years compared to the Sensex's 41.76%. This indicates that, despite some short-term fluctuations, Jubilant Pharmova has been a strong performer over a longer horizon. The overall market sentiment appears to be favorable, contributing to the stock's rise today.