Why is Tejas Cargo falling/rising?

As of 11-Sep, Tejas Cargo India Ltd's stock price is currently flat at Rs. 319.00, with no change in percentage terms. The stock has shown a positive performance over the past week, gaining 1.27%, and has significantly outperformed the benchmark Sensex, which increased by 1.10%. Over the past month, Tejas Cargo has risen by 14.21%, while the Sensex has only increased by 1.71%. The stock recently hit a new 52-week and all-time high of Rs. 327, indicating strong upward momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 566.67% against the 5-day average, which reflects growing interest in the stock.
In the broader market context, Tejas Cargo's recent performance is notably strong compared to the benchmark, particularly over the last month. While the stock has outperformed the Sensex, it did underperform its sector by 0.62% today. The liquidity of the stock appears adequate for trading, as it is based on 2% of the 5-day average traded value. However, there is no information available regarding any positive or negative factors that could further influence the stock's movement. Overall, the combination of strong recent returns and increased investor participation suggests a favorable outlook for Tejas Cargo in the current market environment.