Why is T N Petro Prod. falling/rising?

As of 06-Oct, Tamil Nadu Petro Products Ltd is experiencing a price increase, with its current price at Rs 114.95, reflecting a rise of Rs 4.75 or 4.31%. The stock has shown strong performance recently, gaining 10.85% over the past week and 10.64% over the past month. It is currently trading very close to its 52-week high, just 0.04% away, and has outperformed its sector by 3.95%. The stock has been on a consecutive gain streak for the last four days, supported by positive financial results, including record net sales and operating profit margins. Additionally, the company has a low debt-to-equity ratio and has seen an increase in institutional investor participation, which can enhance market confidence in the stock.
In the broader market context, Tamil Nadu Petro Products Ltd has significantly outperformed the benchmark, with a one-year return of 29.52% compared to the BSE500's negative return of -1.93%. This strong performance indicates that the stock is attracting investor interest despite a generally challenging market environment. However, it is worth noting that there has been a decline in delivery volume, which fell by 16.86% against the five-day average, suggesting a potential concern regarding investor participation. Overall, the stock's rising price can be attributed to its strong fundamentals and positive market sentiment, despite some signs of reduced trading activity.