Why is T N Petro Prod. falling/rising?

As of 04-Jul, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 105.15, reflecting a rise of Rs 1.6 or 1.55%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 3.6% during this period. It has outperformed its sector by 1.19% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has delivered impressive returns over various periods, including a 30.07% increase year-to-date and a 16.23% increase over the past month. The company maintains a low debt-to-equity ratio, which supports its stability and attractiveness to investors.
Broader Market Context: In contrast to the Sensex, which has declined by 0.74% over the past week, Tamil Nadu Petro Products Ltd has surged by 9.01% in the same timeframe, highlighting its strong relative performance. While the broader market has shown some weakness, this stock's significant gains indicate a positive sentiment among investors. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 33.22% against the 5-day average, which could suggest caution among some traders despite the stock's upward movement.