Why is Tankup Engi. falling/rising?

As of 14-Jul, Tankup Engineers Ltd is experiencing a price increase, with its current price at Rs. 364.75, reflecting a rise of Rs. 7.15 or 2.0%. The stock has shown strong performance recently, with a weekly return of +10.38%, significantly outperforming the Sensex, which has declined by -1.49% over the same period. Additionally, the stock has hit a new 52-week high of Rs. 327.2 today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume falling by -52.38% compared to the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, while Tankup Engineers Ltd has outperformed the benchmark index in the short term, the Sensex has shown a modest gain of +1.47% over the past month, contrasting with the stock's +7.17% return. This suggests that the stock's recent rise may be driven by company-specific factors rather than overall market trends. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports its current upward movement despite the decline in delivery volumes. Overall, the combination of strong recent performance and a favorable comparison to the benchmark indicates positive sentiment around Tankup Engineers Ltd.