Why is T N Petro Prod. falling/rising?

As of 17-Jul, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 109.90, which reflects a rise of Rs 2.65 or 2.47%. The stock has shown strong performance recently, gaining 9.95% over the last four days and is currently only 0.49% away from its 52-week high of Rs 110.44. Additionally, the stock has outperformed its sector by 1.71% today and is trading above all its key moving averages, indicating positive momentum. The company also has a low debt-to-equity ratio, which contributes to investor confidence and supports the stock's upward movement.
In the broader market context, Tamil Nadu Petro Products Ltd has significantly outperformed the Sensex over various periods, with a 5.52% increase over the past week compared to a decline of 1.12% in the benchmark index. Over the past month, the stock has risen by 21.17%, while the Sensex has only increased by 0.83%. This strong relative performance highlights the stock's resilience and attractiveness to investors, particularly in light of the rising investor participation, as evidenced by a 58.2% increase in delivery volume compared to the five-day average.