Why is TCM falling/rising?

As of 31-Oct, TCM Ltd's stock price is currently at Rs 57.53, reflecting an increase of Rs 4.98 or 9.48%. The stock has shown strong performance recently, gaining 27.53% over the last four days and outperforming its sector by 11.05% today. It is also close to its 52-week high, just 2.93% away from Rs 59.69. The stock has been trading above its moving averages across various time frames, indicating a bullish trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 175.01% compared to the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, TCM Ltd has outperformed the Sensex over the past week and month, with returns of +18.01% and +33.64%, respectively, while the Sensex has seen slight declines and modest gains. This indicates that TCM is gaining traction relative to the overall market, which may be contributing to its rising stock price. The stock's high volatility today, with an intraday range of Rs 7.75, reflects active trading and investor engagement, further supporting its upward movement. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark suggests a positive sentiment surrounding TCM Ltd.