Why is T N Petro Prod. falling/rising?

As of 11-Nov, Tamil Nadu Petro Products Ltd is experiencing a decline in its stock price, currently at Rs 108.80, which reflects a decrease of Rs 14.3 or 11.62%. The stock has underperformed its sector by 10.33% today, following a trend reversal after two consecutive days of gains. It reached an intraday high of Rs 129.25 but also fell to a low of Rs 102.8, indicating high volatility with an intraday fluctuation of 13.87%. Over the past week, the stock has decreased by 9.82%, while its year-to-date performance remains strong with a gain of 34.59%. However, the recent drop suggests a shift in investor sentiment, possibly influenced by the stock's movement relative to its moving averages and increased trading volume near its lower price.
In the broader market context, the Sensex has shown a positive return of 0.49% over the past week, contrasting with Tamil Nadu Petro Products Ltd's decline. This underperformance relative to the benchmark may indicate that investor confidence in the stock is waning, despite its strong year-to-date and one-year returns of 34.59% and 35.29%, respectively. The liquidity of the stock remains adequate for trading, with a delivery volume increase of 24.45% against the five-day average, suggesting some level of ongoing interest. However, the significant drop today could reflect broader market conditions or specific concerns regarding the company's recent performance.