Why is Jyothy Labs falling/rising?

As of 08-Jul, Jyothy Labs Ltd. has seen its stock price rise to 357.35, reflecting an increase of 5.15 or 1.46%. The stock has been performing well recently, having outperformed its sector by 1.79% today and achieving a consecutive gain over the last three days, with a total return of 4.55% during this period. Additionally, the stock has shown positive momentum, touching an intraday high of Rs 360. The stock's performance over the past week and month has also been favorable, with returns of +3.04% and +5.44%, respectively, although it has faced challenges over the longer term, with a year-to-date decline of -10.08% and a one-year drop of -27.35%. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong institutional holdings, which contribute to its attractive valuation and support its recent price movement.
In the broader market context, Jyothy Labs has significantly outperformed the Sensex in the short term, with a 1-week return of +3.04% compared to the benchmark's mere +0.02%. This indicates that investor sentiment towards Jyothy Labs is currently more positive than the overall market. The rising investor participation, evidenced by a substantial increase in delivery volume, further suggests growing confidence among investors. Despite the stock's underperformance over the past year, the recent gains and strong fundamentals, such as a high return on equity and favorable valuation metrics, indicate a potential recovery phase for the stock, contrasting with the broader market's performance.