Why is Jyoti CNC Auto. falling/rising?

As of 04-Nov, Jyoti CNC Automation Ltd's stock price is rising, currently at 939.90, reflecting an increase of 61.85 or 7.04%. The stock has shown strong performance today, outperforming its sector by 7.81% and achieving a consecutive gain over the last two days with an overall return of 8.73%. It reached an intraday high of Rs 947, and there has been a notable increase in investor participation, with delivery volume rising by 77.63% compared to the five-day average. Despite a year-to-date decline of 30.32%, the company has demonstrated a strong ability to service debt with a low Debt to EBITDA ratio of 0.38 times, and its net sales have grown at an annual rate of 33.50%, contributing to a healthy long-term growth outlook.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week, gaining 7.07% while the Sensex declined by 1.38%. However, the stock has consistently underperformed against the benchmark over the last three years, with a one-year return of -10.08% compared to the Sensex's 5.94% gain. While the stock's recent positive movement can be attributed to increased institutional holdings and improved investor sentiment, it still faces challenges due to flat results in the previous quarter and a high valuation indicated by its enterprise value to capital employed ratio.