Why is Transport Corp. falling/rising?

As of 17-Jul, Transport Corporation of India Ltd is experiencing a price increase, currently at 1,225.40, reflecting a rise of 6.25 (0.51%). Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. It opened with a significant gain of 6.55% and reached an intraday high of Rs 1,299.05. Despite the volatility observed today, with an intraday fluctuation of 5.26%, the stock has shown strong performance over the past month, with a return of 9.54%, and a remarkable 30.16% return over the past year. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 17.87%, and a low debt-to-equity ratio, contributing to its fair valuation and market-beating performance in both the long and short term.
In the broader market context, while the stock has outperformed the benchmark Sensex over the last year and three years, it has seen a decline of 2.52% over the past week, compared to a smaller decline of 1.12% in the Sensex. This suggests that the stock's recent rise may be a corrective response to its previous underperformance relative to the market. However, it is important to note that there has been a decrease in investor participation, with delivery volume falling by 25.3% against the five-day average, which could indicate caution among investors despite the stock's positive attributes and recent gains.