Why is Transport Corp. falling/rising?

As of 10-Jul, Transport Corporation of India Ltd is experiencing a significant rise in its stock price, currently at 1,257.10, reflecting an increase of 85.2 points or 7.27%. The stock has shown strong performance today, outperforming its sector by 5.56% and achieving a consecutive gain over the last three days with a total return of 11.53%. It is also close to its 52-week high, just 3.56% away from Rs 1301.85. The stock has been trading above its moving averages across various time frames, indicating a bullish trend. Additionally, the rising investor participation, evidenced by a 157.94% increase in delivery volume compared to the 5-day average, supports the positive momentum. The company boasts a high return on equity (ROE) of 17.87% and a low debt-to-equity ratio, which enhances its attractiveness to investors.
In the broader market context, the stock has outperformed the benchmark Sensex, which has seen a slight decline of 0.06% over the past week while Transport Corp. has gained 12.24%. This trend of market-beating performance is consistent over multiple time frames, including a 33.39% return over the past year compared to the Sensex's 4.09%. Despite some concerns regarding long-term growth, as indicated by slower net sales growth and flat results in March 2025, the stock's recent performance and management efficiency contribute to its rising price. Overall, the combination of strong short-term returns, positive investor sentiment, and solid fundamentals positions Transport Corporation of India Ltd favorably in the current market environment.