Why is Tilaknagar Inds. falling/rising?

As of 20-Oct, Tilaknagar Industries Ltd is experiencing a price increase, with its current price at 487.05, reflecting a rise of 17.05 or 3.63%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 3.32%. It reached an intraday high of Rs 491.35, indicating strong intraday performance. Over the past week, the stock has risen by 7.61%, and it has consistently outperformed the benchmark Sensex across various time frames, including a remarkable 61.01% return over the past year. The company has also demonstrated healthy long-term growth, with a significant net profit increase of 121.05% and positive results reported for the last five consecutive quarters.
In the broader market context, Tilaknagar Industries' short-term performance of 7.61% over the past week significantly outpaces the Sensex's 2.47% gain in the same period. This indicates strong investor confidence in the stock relative to the overall market. Despite a recent decline in investor participation, as evidenced by a 46.46% drop in delivery volume, the stock remains liquid enough for trading. The company's robust operating profit growth and high return on capital employed further bolster its appeal, contributing to the stock's upward momentum. Overall, the combination of strong financial results and positive market performance has led to the current rise in Tilaknagar Industries' stock price.