Why is T N Petro Prod. falling/rising?

As of 16-Jul, Tamil Nadu Petro Products Ltd is experiencing a price increase, with the current price at Rs 107.25, reflecting a rise of Rs 1.75 or 1.66%. The stock has shown strong performance recently, gaining 7.7% over the last three days and outperforming its sector by 1.3% today. It is also trading close to its 52-week high, just 2.59% away from Rs 110.44. The stock is performing well against benchmarks, with a 1-week return of 3.92% compared to a decline of 1.08% in the Sensex, and a 1-month return of 17.19% against a modest 1.02% increase in the Sensex. Additionally, the company maintains a low average Debt to Equity ratio, which may contribute positively to investor sentiment and support the stock's upward movement.
In the broader market context, while the Sensex has shown a slight increase of 1.02% over the past month, Tamil Nadu Petro Products Ltd has significantly outperformed this benchmark, indicating strong investor confidence in the stock. The rising investor participation, evidenced by a 71.96% increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the broader market suggests a favorable outlook for Tamil Nadu Petro Products Ltd at this time.