Why is Thacker & Co. falling/rising?

As of 03-Nov, Thacker & Company Ltd's stock price is rising, currently at 1,742.00, reflecting an increase of 58.0 or 3.44%. The stock has shown a positive trend today, outperforming its sector by 2.2% and reversing a two-day decline. It reached an intraday high of Rs 1,749, which is a 3.86% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume dropping by 89.22% compared to the 5-day average. The stock's performance over the past week shows an 8.88% gain, while it has increased by 39.58% over the past year, indicating strong long-term growth despite a year-to-date decline of 11.80%.
In the broader market context, Thacker & Company Ltd's recent short-term performance contrasts sharply with the benchmark Sensex, which has declined by 0.94% over the past week. While the stock has experienced a significant rise in the short term, the overall market has not performed as well, suggesting that the stock's upward movement may be driven by company-specific factors rather than broader market trends. The stock's year-to-date performance is notably weaker than the Sensex, which has gained 7.47% during the same period, highlighting the stock's volatility and potential for recovery in the current trading environment.