Why is Tolins Tyres falling/rising?

As of 16-Sep, Tolins Tyres Ltd is experiencing a price increase, currently at Rs 195.30, reflecting a rise of Rs 6.15 or 3.25%. The stock has shown strong performance recently, with a one-week return of +27.11% and a one-month return of +34.88%, significantly outperforming the Sensex, which has only gained +1.58% and +2.21% over the same periods, respectively. Today's trading saw the stock reach an intraday high of Rs 199.65, although it also touched a low of Rs 185. Despite this fluctuation, Tolins Tyres is trading above its moving averages across multiple time frames, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.79% compared to the five-day average, which may raise concerns about sustained interest in the stock.
Broader Market Context: The broader market context shows that while Tolins Tyres has outperformed the benchmark in the short term, it has underperformed year-to-date with a return of -1.24% compared to the Sensex's +5.43%. This discrepancy highlights the stock's volatility and potential for recovery, especially as its profits have increased by 49% despite the stock's one-year decline of -18.04%. The company's low debt-to-equity ratio and attractive valuation with a price-to-book value of 2.4 further support the stock's recent upward movement, suggesting that investors may be recognizing its potential for growth amidst broader market challenges.