Why is T N Petro Prod. falling/rising?

As of 30-Jun, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 102.96, reflecting a rise of Rs 6.5 or 6.74%. The stock has shown a positive trend today, outperforming its sector by 5.1% and reversing a two-day decline. It reached an intraday high of Rs 103.5, indicating strong intraday performance. Over the past week, the stock has gained 11.25%, and year-to-date, it has increased by 27.36%. The company maintains a low debt-to-equity ratio, which contributes positively to investor sentiment, although there has been a notable decline in delivery volume, suggesting reduced investor participation.
In the broader market context, Tamil Nadu Petro Products Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only risen by 2.09% over the past week. The stock's strong performance relative to the benchmark, combined with its consistent trading above various moving averages, indicates robust investor confidence despite the recent drop in delivery volumes. Overall, the stock's upward movement can be attributed to its solid returns compared to the market and favorable financial metrics, despite some concerns regarding liquidity and participation.