Why is T N Petro Prod. falling/rising?

As of 10-Nov, Tamil Nadu Petro Products Ltd is experiencing a price increase, with its current price at Rs 123.10, reflecting a rise of Rs 5.85 or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.64% and achieving a consecutive gain over the last two days, resulting in a total increase of 6.44% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is important to note that there has been a significant decline in investor participation, with delivery volume falling by 55.31% compared to the 5-day average, which may impact future price movements.
In the broader market context, Tamil Nadu Petro Products Ltd has outperformed the benchmark Sensex over the past month, with a return of 10.95% compared to the Sensex's 1.25%. Year-to-date, the stock has also shown substantial growth of 52.28%, significantly exceeding the Sensex's 6.91% increase. This strong performance relative to the benchmark suggests that the stock is gaining traction among investors despite the recent drop in delivery volumes, which could indicate a shift in trading dynamics. Overall, the stock's recent upward movement appears to be driven by positive short-term performance metrics, although the decline in investor participation may warrant caution moving forward.