Why is T N Petro Prod. falling/rising?

As of 04-Aug, Tamil Nadu Petro Products Ltd is experiencing a price increase, currently at Rs 97.00, reflecting a rise of Rs 1.48 or 1.55%. The stock has shown a mixed performance recently, with a 1-week decline of 1.27% and a 1-month drop of 7.75%. However, it has performed well year-to-date with a gain of 19.99%. Today's trading saw the stock reach an intraday high of Rs 97.69, indicating positive momentum, although it also touched a low of Rs 92.3 earlier in the day. Notably, there has been a rise in investor participation, with delivery volume increasing by 27.96% compared to the 5-day average, which suggests growing interest in the stock. Additionally, institutional investors have increased their stake by 1.98%, which may contribute to a more favorable outlook for the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight gain of 0.16% over the past week. While Tamil Nadu Petro Products Ltd has underperformed the benchmark in the short term, its year-to-date performance significantly outpaces the Sensex's 3.69% increase. The company's low debt-to-equity ratio and the increasing participation from institutional investors indicate a stable financial position and confidence from more sophisticated market players, which could support the stock's upward movement despite recent volatility.