Why is Tilaknagar Inds. falling/rising?

As of 15-Jul, Tilaknagar Industries Ltd's stock price is currently at Rs 352.50, reflecting an increase of Rs 11.05, or 3.24%. The stock has been gaining momentum, having risen 4.09% over the last two days and outperforming its sector by 2.16% today. It has also touched an intraday high of Rs 353.25. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the company has shown impressive long-term growth, with a net profit increase of 145.85% and consistent positive results over the last four quarters, contributing to investor confidence and recent price movements.
In the broader market context, Tilaknagar Industries has outperformed the Sensex in the short term, with a 1-week return of +0.99% compared to the Sensex's -1.36%. Despite a decline of 5.37% over the past month, the stock has generated a remarkable 51.35% return over the last year and an impressive 346.20% over the last three years, significantly surpassing the benchmark returns. The increasing participation of institutional investors, who have raised their stake in the company, further supports the stock's positive outlook and recent price rise, indicating a strong belief in the company's fundamentals.