Why is Jyoti falling/rising?

As of 29-Jul, Jyoti Ltd's stock price is currently at Rs 101.95, reflecting an increase of Rs 2.5 or 2.51%. Today's price summary indicates that the stock has outperformed its sector by 1.05% and has experienced a trend reversal, gaining after six consecutive days of decline. The stock reached an intraday high of Rs 102.4, although it also saw a low of Rs 97. Despite a decrease in delivery volume by 28.15% compared to the five-day average, the stock has shown strong performance over the past year, generating a return of 22.40% and outperforming the BSE500 in each of the last three annual periods. Positive financial results, including a 169.76% growth in net profit and a significant increase in net sales, contribute to the stock's recent upward movement.
In the broader market context, Jyoti Ltd's short-term performance over the past week shows a decline of 5.78%, while the Sensex has only decreased by 1.03%. This indicates that the stock has underperformed relative to the benchmark in the short term. However, the year-to-date return of 5.10% for Jyoti Ltd is slightly higher than the Sensex's 4.09%, suggesting that while the stock has faced recent challenges, it has maintained a competitive edge in the longer term. Overall, the combination of strong financial results and a recent price rebound may be contributing to the stock's current rise, despite its recent short-term underperformance compared to the benchmark.