Why is TBO Tek falling/rising?

As of 01-Jul, TBO Tek Ltd's stock price is rising, currently at 1,447.00, reflecting an increase of 47.65 or 3.41%. The stock has shown strong performance recently, gaining 15.35% over the last six days and outperforming its sector by 4.74% today. It opened with a gain of 3.62% and reached an intraday high of Rs 1452.5. In terms of returns, the stock has increased by 13.05% over the past week and 10.83% over the past month, indicating a positive trend despite a year-to-date decline of 16.31%. The company benefits from strong long-term fundamentals, including a high average Return on Equity (ROE) of 28.30% and significant growth in net sales and operating profit. Additionally, the stock has high institutional holdings at 49.49%, which suggests confidence from knowledgeable investors.
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 and 2.76% over the past month. This contrast highlights the stock's relative strength in the current market environment. The stock's liquidity is also favorable, with a substantial increase in delivery volume, indicating rising investor participation. Overall, while the stock has faced challenges in the longer term, its recent gains and strong fundamentals contribute to its upward movement in the short term.