Why is Tejas Cargo falling/rising?

As of 07-Nov, Tejas Cargo India Ltd is experiencing a price increase, currently at Rs. 330.15, which reflects a rise of Rs. 15.7 or 4.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 5.45%. Additionally, Tejas Cargo is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also seen a rise in investor participation, with a delivery volume increase of 12.9% compared to the 5-day average. There are no specific positive or negative factors provided, but the overall performance suggests a favorable sentiment among investors.
In the broader market context, Tejas Cargo has outperformed the benchmark Sensex over the past week, with a return of +8.60% compared to the Sensex's -0.89%. Over the past month, the stock has also shown a strong return of +11.54%, while the Sensex has only increased by +1.53%. This significant outperformance in both the short-term and medium-term highlights the stock's resilience and attractiveness to investors, contributing to its rising price.