Why is T N Petro Prod. falling/rising?

As of 25-Jun, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 99.79, reflecting a rise of Rs 1.07 or 1.08%. The stock has shown strong performance recently, gaining 9.78% over the last three days and achieving a 22.68% increase over the past month. It has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has a low debt-to-equity ratio, which may contribute to investor confidence. However, it underperformed its sector by 0.65% today, suggesting some caution among investors despite the overall upward movement.
In the broader market context, Tamil Nadu Petro Products Ltd has outperformed the Sensex significantly over the past week and month, with returns of 9.66% and 22.68%, respectively, compared to the Sensex's 1.61% and 1.27%. This strong relative performance highlights the stock's appeal in the current market environment. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the stock's upward trajectory. Overall, while the stock is rising, the underperformance against its sector today may indicate some volatility or profit-taking among investors.