Why is T N Petro Prod. falling/rising?

As of 10-Jul, Tamil Nadu Petro Products Ltd is experiencing a price increase, with its current price at 104.15, reflecting a change of 0.95 (0.92%) upward. The stock has been gaining for the last three days, showing a total return of 1.66% during this period. Additionally, it has outperformed its sector by 0.92%. Over the past month, the stock has risen by 17.59%, significantly outperforming the Sensex, which has only increased by 0.97%. The company also maintains a low Debt to Equity ratio, which contributes positively to investor sentiment and supports the stock's recent upward movement.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, as it has gained 0.58% over the past week while the Sensex has declined by 0.06%. Despite the positive price movement, there is a noted decrease in investor participation, with delivery volume falling by 25.3% against the five-day average. However, the stock remains liquid enough for trading, indicating that while there are some concerns about participation, the overall market sentiment towards Tamil Nadu Petro Products Ltd remains strong, contributing to its rising stock price.