Why is Thacker & Co. falling/rising?

As of 23-Jul, Thacker & Company Ltd's stock price is currently at 1,603.90, reflecting an increase of 15.9, or 1.0%. The stock has shown a positive trend recently, gaining 4.15% over the last two days and outperforming its sector by 0.98% today. Despite this recent uptick, the stock has experienced a decline of 7.34% over the past month and a year-to-date drop of 18.79%. However, it has delivered impressive returns of 46.09% over the past year and a staggering 482.92% over the last three years. The recent increase in stock price can be attributed to rising promoter confidence, as they have increased their stake by 4.61% in the last quarter, indicating a strong belief in the company's future. Additionally, the company maintains a low debt-to-equity ratio, which is favorable for its financial health.
In the broader market context, Thacker & Company Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.11% over the past week. This contrast highlights the stock's relative strength despite its longer-term struggles, as evidenced by its year-to-date performance compared to the Sensex's gain of 5.87%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 71.94% against the five-day average, which could indicate a potential concern for sustained momentum. Overall, while the stock is currently rising, its recent performance must be viewed in light of its longer-term trends and market conditions.