Why is Jyoti Resins falling/rising?

As of 18-Jul, Jyoti Resins and Adhesives Ltd is currently priced at 1,453.40, reflecting a decrease of 31.35 points, or 2.11%. Today, the stock has underperformed its sector by 1.08% and has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday high of Rs 1570, representing a 5.74% increase, but also fell to a low of Rs 1410.1, marking a 5.03% decline. Despite this volatility, the stock has shown strong performance over various periods, with a 7.01% increase over the past week and a remarkable 2909.39% rise over the last five years. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 31.04% and operating profit at 54.92%.
In the broader market context, Jyoti Resins has outperformed the benchmark Sensex over multiple time frames, including a 3.55% return over the past year compared to the benchmark's 0.51%. However, the stock's recent decline today contrasts with its strong historical performance, indicating a potential correction after a period of gains. The stock's high volatility today, with an intraday fluctuation of 5.37%, suggests that investor sentiment may be reacting to recent price movements, despite the overall positive long-term outlook for the company.