Why is Tirupati Starch falling/rising?

As of 17-Nov, Tirupati Starch & Chemicals Ltd is experiencing a price increase, currently at Rs 189.00, which reflects a rise of 6.3 or 3.45%. The stock has shown a positive trend today, gaining after two consecutive days of decline. It opened with a gain of 3.45% and reached an intraday high of Rs 189. The stock has outperformed its sector by 3.1% today and is trading above all key moving averages, indicating strong momentum. However, there has been a notable decrease in investor participation, with delivery volume falling by 87.38% compared to the 5-day average, which could suggest a potential concern regarding sustained interest in the stock. The stock has also demonstrated impressive returns over various periods, including a year-to-date increase of 25.92% and a remarkable 468.42% rise over the past five years.
In the broader market context, Tirupati Starch's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.69% over the past week and 1.19% over the past month. This strong relative performance indicates that investor sentiment towards Tirupati Starch remains positive despite the recent drop in delivery volumes. The stock's ability to maintain upward momentum in the face of broader market trends suggests a robust underlying demand, although the decline in trading activity may warrant monitoring for future price stability.