Why is T N Petro Prod. falling/rising?

As of 24-Jun, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 98.72, which reflects a rise of Rs 6.17 or 6.67%. The stock has shown strong performance today, outperforming its sector by 5.24%, and has gained 8.6% over the last two days. It opened with a 2% gain and reached an intraday high of Rs 101.92, marking a 10.12% increase. Over the past week, the stock has risen by 8.84%, and in the last month, it has increased by 21.37%. Additionally, the company maintains a low debt-to-equity ratio, which positively influences investor sentiment and supports the stock's upward movement.
In the broader market context, Tamil Nadu Petro Products Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.58% over the past week. The stock's year-to-date return of 22.12% also surpasses the Sensex's 5.01% gain. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 9.84% compared to the five-day average. Despite this, the stock remains liquid enough for trading, indicating that the recent price rise is supported by strong performance metrics relative to the market.