Why is Taneja Aerospace falling/rising?

As of 13-Nov, Taneja Aerospace & Aviation Ltd is experiencing a price increase, currently at Rs 342.60, which reflects a rise of Rs 15.6 or 4.77%. The stock has shown positive momentum, gaining for the last two days with a total return of 9.11% during this period. It opened with a gain of 2.14% today and reached an intraday high of Rs 348, marking a 6.42% increase. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 18.23% compared to the Sensex's gain of 8.11%. The stock's performance has been mixed, as it has outperformed its sector by 5.81% today, and there has been a notable increase in investor participation, with delivery volume rising by 24.67% against the 5-day average.
In the broader market context, Taneja Aerospace's short-term performance contrasts with the Sensex, which has gained 1.40% over the past week while the stock itself has declined by 3.66%. This divergence indicates that while the stock is currently rising, it has struggled to keep pace with the overall market trends in the recent past. The stock's moving averages suggest that it is performing better than the 5-day average but remains below the longer-term averages, indicating potential volatility. Overall, the recent price increase can be attributed to short-term positive trading activity and increased investor interest, despite the stock's longer-term challenges.