Why is Tejas Cargo falling/rising?

As of 02-Jul, Tejas Cargo India Ltd is currently priced at Rs 203.00, showing no change (0.00%). The stock has demonstrated strong performance over the past week, with a return of +16.37%, and +23.03% over the past month, significantly outperforming the Sensex, which has returned +0.83% and +2.98% respectively. The stock is trading close to its 52-week high, just 3.45% away from Rs 210, and is above its moving averages across various time frames. However, there has been a notable decline in investor participation, with delivery volume dropping by 45.75% against the 5-day average, which may indicate a potential concern regarding demand.
In the broader market context, while Tejas Cargo has shown impressive short-term returns compared to the Sensex, the overall market has been relatively stable. The stock's performance today is in line with its sector, suggesting that it is not an isolated movement but part of a larger trend. Despite the positive returns, the significant drop in delivery volume could signal caution among investors, which may affect future price movements. Overall, while the stock is currently stable, the decrease in trading activity could pose challenges ahead.