Why is TBO Tek falling/rising?

As of 30-Jun, TBO Tek Ltd's stock price is currently at 1,399.35, reflecting an increase of 6.05 (0.43%). The stock has been on an upward trend, gaining for the last five days and achieving a return of 11.55% over that period. It reached an intraday high of Rs 1508, indicating strong performance today. The stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 269.78% against the 5-day average. The company boasts strong long-term fundamentals, including a high return on equity of 28.30%, healthy sales growth, and a low debt-to-equity ratio, which contribute positively to its recent price movement.
In the broader market context, TBO Tek's short-term performance of +11.55% over the past week significantly outpaces the Sensex's return of +2.09% during the same period. This indicates that the stock is performing well relative to the benchmark. The company's high institutional holdings at 49.49% suggest that knowledgeable investors are confident in its fundamentals, further supporting the stock's upward movement. Despite a year-to-date decline of 19.06%, the recent gains and strong fundamentals may indicate a potential recovery phase for TBO Tek, distinguishing it from the broader market trends.