Why is TBO Tek falling/rising?

As of 04-Jul, TBO Tek Ltd's stock price is currently at Rs 1,426.90, reflecting an increase of Rs 18.0 or 1.28%. Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 1,439.85. Despite this upward movement, the stock has underperformed its sector by 2.4%. Over the past week, TBO Tek has shown a positive return of 2.41%, although it has a year-to-date decline of 17.47%. The company benefits from strong long-term fundamentals, including an average Return on Equity (ROE) of 28.30% and significant growth in net sales and operating profit. Additionally, high institutional holdings at 49.49% suggest confidence from knowledgeable investors, which may support the stock's price.
Broader Market Context: In comparison to the benchmark Sensex, TBO Tek's short-term performance has been favorable, with a 1-week return of 2.41% against the Sensex's decline of 0.74%. However, the stock's year-to-date performance lags significantly behind the Sensex, which has gained 6.77%. The travel services sector, in which TBO Tek operates, has seen a gain of 3.68%, indicating a positive trend in the broader market that may not be fully reflected in TBO Tek's performance. The recent drop in investor participation, with a 30.57% decrease in delivery volume, could also be a factor contributing to the stock's volatility amidst these broader market dynamics.