Why is TCM falling/rising?

As of 17-Nov, TCM Ltd's stock price is currently at Rs. 65.90, reflecting an increase of Rs. 2.97, or 4.72%. The stock has recently hit a new 52-week high of Rs. 67.5 today and has outperformed its sector by 3.86%. It has been on a consecutive gain streak for the last two days, accumulating a total return of 7.77% during this period. Additionally, TCM has shown strong performance over various time frames, with a 44.23% increase over the past month and a 33.97% increase year-to-date. However, there has been a notable decline in investor participation, with delivery volume dropping by 72.69% against the five-day average, which may indicate a potential concern for future momentum.
Broader Market Context: In comparison to the benchmark Sensex, TCM Ltd has significantly outperformed in the short term, with a 14.85% return over the past week compared to the Sensex's 1.69%. This strong performance suggests that TCM is gaining traction among investors, despite the recent drop in delivery volume. The overall market context appears favorable for TCM, as it continues to trade above its moving averages, indicating a bullish trend.