Why is Tejas Cargo falling/rising?

As of 14-Jul, Tejas Cargo India Ltd is experiencing a price increase, currently at Rs 234.45, which reflects a rise of Rs 7.45 or 3.28%. The stock has shown strong performance recently, with a 10.62% increase over the past week and a remarkable 39.60% rise over the last month, significantly outperforming the Sensex, which has declined by 1.49% in the same week. Additionally, Tejas Cargo is trading above all its moving averages, indicating a bullish trend. However, there is a noted decrease in investor participation, with delivery volume falling by 33.73% compared to the 5-day average, which could be a concern for sustained momentum.
In the broader market context, while Tejas Cargo has outperformed the benchmark index significantly in the short term, the Sensex has only gained 1.47% over the past month. This stark contrast highlights the stock's strong relative performance. Despite the positive price movement, the decline in delivery volume suggests that while the stock is currently rising, there may be underlying concerns regarding investor engagement that could affect future performance. Overall, the stock's rise is driven by strong short-term returns and positive trading indicators, although the drop in investor participation could pose risks ahead.