Why is TVS Srichakra falling/rising?

As of 18-Nov, TVS Srichakra Ltd's stock price is rising, currently at Rs. 4,683.00, reflecting an increase of Rs. 171.25 or 3.8%. The stock has recently hit a new 52-week high of Rs. 4,719 and has shown strong performance, gaining 14.19% over the past week and 17.28% over the past month. It has consistently outperformed the sector by 4.84% today and has been on a gaining streak for the last five days. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The rising investor participation, evidenced by a 65.96% increase in delivery volume compared to the 5-day average, further supports the stock's positive momentum. The company has also demonstrated impressive long-term performance, generating a 31.54% return over the past year and outperforming the BSE500 over various time frames.
In the broader market context, TVS Srichakra's short-term return of 14.19% over the past week significantly exceeds the Sensex's return of 0.96% during the same period. This stark contrast highlights the stock's strong performance relative to the benchmark, reinforcing investor confidence. The company's majority shareholders being non-institutional may suggest a more stable ownership structure, which can contribute to the stock's resilience. Overall, the combination of strong recent performance, positive investor sentiment, and favorable market conditions has contributed to the rising stock price of TVS Srichakra Ltd.