Why is Transport Corp. falling/rising?

As of 18-Jul, Transport Corporation of India Ltd is experiencing a price increase, currently at 1,245.55, reflecting a rise of 20.15 or 1.64%. The stock has shown strong performance, gaining 2.17% over the last two days and outperforming its sector by 2.41%. It is currently trading close to its 52-week high, just 4.52% away from Rs 1301.85. Over the past year, the stock has generated a return of 26.43%, significantly outperforming the BSE500 index, which has only returned 0.51% in the same period. The company's high management efficiency, indicated by a return on equity (ROE) of 17.87%, and a favorable debt-to-equity ratio contribute positively to its valuation and investor sentiment.
In the broader market context, while the stock has shown a positive return of 11.71% over the past month, the benchmark Sensex has only increased by 0.38%, highlighting the stock's strong relative performance. Despite a recent decline in investor participation, with delivery volume falling by 41.43% against the 5-day average, the stock remains liquid enough for trading. The company's consistent performance over the long term, with a 75.63% return over three years, further solidifies its position as a strong investment choice, despite concerns regarding slower long-term growth in net sales and operating profit.