Why is T N Petro Prod. falling/rising?

As of 22-Jul, Tamil Nadu Petro Products Ltd is experiencing a decline in its stock price, currently at Rs 104.75, reflecting a decrease of Rs 5.25 or 4.77%. The stock has underperformed its sector by 3.13% today and has been on a downward trend for the last two days, accumulating a total loss of 5.03% during this period. Despite a strong performance over the past month with a 15.24% increase, the stock has shown a negative return of 0.71% over the past week. The delivery volume has also decreased significantly, falling by 21.29% against the 5-day average, indicating a drop in investor participation. While the company maintains a low average Debt to Equity ratio, which is generally favorable, the recent price movement suggests that current market sentiment is not supporting the stock.
In the broader market context, the stock's short-term performance has been weaker than the benchmark Sensex, which has declined by only 0.47% over the past week. The stock's year-to-date return of 29.58% significantly outpaces the Sensex's 5.18%, indicating that while the stock has performed well over a longer timeframe, recent trends are concerning. The overall liquidity remains adequate for trading, but the falling investor participation could signal caution among traders, contributing to the stock's recent decline.