Why is TBO Tek falling/rising?

As of 02-Jul, TBO Tek Ltd's stock price is currently at Rs 1,445.50, reflecting a decrease of Rs 1.5 or 0.1%. The stock has recently experienced a trend reversal after six consecutive days of gains, opening today with a gain of 2.04% and reaching an intraday high of Rs 1,476.5. Despite this initial rise, the stock is now down, with a weighted average price indicating more volume traded closer to the low price. Over the past week, the stock has outperformed its sector by 2.11%, but its year-to-date performance shows a decline of 16.39%, contrasting with the Sensex's gain of 6.75%. The company maintains strong long-term fundamentals, including a high average return on equity of 28.30% and significant growth in net sales and operating profit, which supports its valuation despite the recent price drop.
In the broader market context, TBO Tek's recent performance has been relatively strong compared to the benchmark, with a 1-week return of 11.02% against the Sensex's 0.79%. However, the stock's year-to-date decline of 16.39% starkly contrasts with the Sensex's positive performance, indicating a challenging environment for the company. The travel services sector, in which TBO Tek operates, has also seen a decline of 2.21%, contributing to the stock's downward pressure. Additionally, a decrease in investor participation, with delivery volume falling by 20.29% against the 5-day average, suggests waning interest, which could further impact the stock's price movement.