Why is TVS Srichakra falling/rising?

As of 14-Nov, TVS Srichakra Ltd's stock price is rising, currently at 4,348.30, reflecting an increase of 144.1 or 3.43%. The stock has recently hit a new 52-week high of Rs. 4359.4 and has outperformed its sector by 4.47%. Over the past three days, it has gained 6.03%, although it opened the day with a loss of 5.93%, indicating some volatility. The stock has shown strong performance over various periods, with a year-to-date return of 25.35% and a one-year return of 21.29%, significantly higher than the market's average return of 8.00%. However, it is important to note that the stock's profits have decreased by 61.3% over the past year, despite its positive return, and it is trading at a discount compared to its peers.
In the broader market context, TVS Srichakra's short-term performance has been notably strong, with a weekly return of 4.59% compared to the Sensex's 1.62%. This indicates that the stock is not only performing well on its own but is also gaining traction relative to the overall market. Despite a decline in investor participation, as evidenced by a 33.25% drop in delivery volume, the stock remains liquid enough for trading. The combination of a fair valuation and the stock's ability to outperform the market suggests that investor sentiment is currently favorable, contributing to the upward price movement.