Why is Thacker & Co. falling/rising?

As of 22-Jul, Thacker & Company Ltd's stock price is rising, currently at Rs 1,588.00, reflecting an increase of Rs 48.0 or 3.12%. Today's price summary indicates that the stock opened with a gain of 3.83% and reached an intraday high of Rs 1,609.95, which is a 4.54% increase. Despite a recent trend of underperformance over the past week and month, where the stock declined by 1.98% and 7.13% respectively, it has shown strong returns over the last year with a 44.63% increase. The positive sentiment is bolstered by rising promoter confidence, as they have increased their stake by 4.61%, indicating a belief in the company's future prospects. However, there is a noted decline in investor participation, with delivery volume dropping significantly.
Broader Market Context: In comparison to the benchmark, the Sensex, which has seen a minor decline of 0.47% over the past week, Thacker & Company Ltd's short-term performance is relatively stronger, outperforming the sector by 3.35% today. While the stock has faced challenges in the short term, its long-term performance remains impressive, with a staggering 477.14% increase over the past three years. This suggests that despite recent volatility, the stock's historical returns and the increased confidence from promoters may contribute to its current upward movement.