Why is Zodiac-JRD MKJ falling/rising?

As of 08-Jul, Zodiac-JRD-MKJ Ltd's stock price is currently at Rs 59.48, reflecting an increase of Rs 2.83 or 5.0%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 10.74%. Over the past week, the stock has risen by 9.10%, and in the last month, it has experienced a significant increase of 35.21%. Positive factors contributing to this rise include the company's strong financial performance, with net sales growing by 233.74% over the last nine months and a positive profit after tax. However, the stock faces challenges due to weak long-term fundamentals, including a low return on equity and poor debt servicing capability, which may temper investor enthusiasm.
In the broader market context, while the stock has outperformed its sector recently, it has underperformed against the benchmark Sensex over the past year, generating a return of -11.09% compared to the Sensex's gain of 4.69%. Despite the recent positive price movement, the stock's long-term performance remains a concern, as it has shown a decline year-to-date of 23.32%. The overall market sentiment may be influenced by the recent downturn in the diamond and gold jewelry sector, which has fallen by 5.75%, potentially impacting investor confidence in related stocks like Zodiac-JRD-MKJ Ltd.