Why is Taneja Aerospace falling/rising?

As of 02-Jul, Taneja Aerospace & Aviation Ltd's stock price is rising, currently at Rs 482.05, reflecting an increase of Rs 22.95 or 5.0%. The stock has shown strong performance, gaining 16.16% over the last three days and outperforming its sector by 5.06% today. It opened with a gain of 4.12% and reached an intraday high of Rs 482.05. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has also reported a significant increase in net profit of 39.09% and has declared positive results for the last three consecutive quarters, which has likely contributed to the recent upward momentum.
In the broader market context, Taneja Aerospace has outperformed the Sensex significantly over the past week and month, with returns of +17.20% and +26.64%, respectively, compared to the Sensex's +0.79% and +2.50%. This strong relative performance suggests that investor sentiment towards Taneja Aerospace is particularly positive at this time. The rising investor participation, indicated by a 60.28% increase in delivery volume, further supports the notion that there is growing confidence in the stock. Overall, the combination of strong financial results and favorable market conditions has led to the stock's recent rise.