Why is TBO Tek falling/rising?

As of 27-Jun, TBO Tek Ltd's stock price is currently at Rs 1,393.30, reflecting an increase of Rs 75.3 or 5.71%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 11.07% during this period. It has outperformed its sector by 7.09% today. Despite this positive movement, the stock has a year-to-date decline of 19.41% and a one-year drop of 26.70%. The company's strong long-term fundamentals, indicated by an average Return on Equity (ROE) of 28.30% and significant growth in net sales and operating profit, contribute positively to its recent performance. Additionally, high institutional holdings at 49.49% suggest confidence from knowledgeable investors, although there has been a notable decrease in delivery volume, which could indicate reduced investor participation.
In the broader market context, TBO Tek's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week. The stock's 10.74% gain over the same period highlights its relative strength compared to the market. However, while the stock has shown resilience in the short term, its long-term performance remains concerning, with a year-to-date decline that contrasts sharply with the Sensex's 7.58% increase. This divergence suggests that while TBO Tek is currently experiencing a rebound, it still faces challenges in regaining investor confidence and overcoming its historical underperformance relative to the broader market.