Why is TBO Tek falling/rising?

As of 03-Jul, TBO Tek Ltd's stock price is currently at Rs 1,408.90, reflecting a decline of Rs 36.6 or 2.53%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 2.63% during this period. Today's performance indicates that it has underperformed its sector by 3.03%, and it reached an intraday low of Rs 1,400, marking a decrease of 3.15%. Despite showing positive returns over the past week and month, with increases of 6.90% and 9.34% respectively, the year-to-date and one-year returns are significantly negative at -18.51% and -21.74%. The stock's moving averages indicate that it is performing better than the shorter-term averages but worse than the longer-term 200-day average. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 74.23% compared to the five-day average.
In the broader market context, TBO Tek's recent performance contrasts with the Sensex, which has shown a slight decline of 0.62% over the past week and a gain of 3.10% over the past month. While the company has strong long-term fundamentals, including a robust return on equity of 28.30% and significant growth in net sales and operating profit, these factors have not translated into positive short-term stock performance. The high institutional holdings at 49.49% suggest that informed investors are backing the company, yet the recent price movements indicate a lack of confidence among retail investors. Overall, while TBO Tek has solid fundamentals, the current market sentiment and declining trading volumes are contributing to its recent price decline.