Why is Tijaria Polypipe falling/rising?

As of 14-Nov, Tijaria Polypipes Ltd's stock price is currently at 6.48, reflecting an increase of 0.22 or 3.51%. The stock has shown a positive performance today, outperforming its sector by 4.71% and has been gaining for the last two days, accumulating a total return of 6.75% during this period. In terms of returns compared to the benchmark, Tijaria Polypipes has performed well over the past week with a gain of 6.58%, while the Sensex has only increased by 1.62%. However, it is important to note that the stock's year-to-date performance remains significantly negative at -46.89%, contrasting sharply with the Sensex's positive return of 8.22%. Additionally, the stock's delivery volume has seen a drastic decline of 83.15% compared to the 5-day average, indicating falling investor participation, which could be a concern for future price movements.
Broader Market Context: In the short term, Tijaria Polypipes has outperformed the Sensex, which suggests that specific factors related to the company may be driving its recent price increase. Despite this positive short-term performance, the stock's long-term outlook appears less favorable, as it has underperformed the benchmark over the past year and year-to-date. The liquidity of the stock is adequate for trading, but the significant drop in delivery volume raises questions about sustained interest from investors. Overall, while the stock is experiencing a rise in the short term, the broader context indicates challenges that could affect its future performance.