Why is TCM falling/rising?

As of 03-Nov, TCM Ltd's stock price is currently at 65.04, reflecting an increase of 7.51, or 13.05%. The stock has recently hit a new 52-week high of Rs. 66.9 today and has been on a positive trajectory, gaining 43.04% over the past week. It has outperformed its sector by 12.14% today and has shown consistent gains over the last five days. The stock is trading above all its moving averages, indicating strong upward momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 214.33% against the five-day average, suggesting heightened interest and confidence among investors.
In the broader market context, TCM Ltd's performance stands in stark contrast to the Sensex, which has declined by 0.94% over the past week. While TCM has delivered impressive returns of 35.36% over the past month and 32.22% year-to-date, the benchmark has only risen by 3.41% and 7.47%, respectively. This disparity highlights TCM's strong market position and investor sentiment, especially as it continues to gain traction despite the overall market's struggles. The stock's high volatility today, with an intraday fluctuation of 6.26%, further emphasizes the dynamic trading environment surrounding TCM, driven by positive investor sentiment and robust trading activity.