Why is TBO Tek falling/rising?

As of 07-Jul, TBO Tek Ltd's stock price is currently at Rs 1,385.00, reflecting a decrease of Rs 41.9 or 2.94%. Today's price summary indicates that the stock has underperformed the sector by 0.95%, having touched an intraday low of Rs 1,385. The stock's performance over the past week shows a decline of 1.03%, while it has seen a modest increase of 3.74% over the past month. Despite the recent drop, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 28.30% and significant growth in net sales and operating profit. However, the stock's liquidity appears to be affected by a 19.83% drop in delivery volume compared to the five-day average, which may contribute to the current price decline.
In the broader market context, TBO Tek's recent performance contrasts with the Sensex, which has only fallen by 0.20% over the past week. While TBO Tek has experienced a year-to-date decline of 19.89%, the Sensex has increased by 6.79% during the same period, indicating a significant underperformance relative to the market. The travel services sector, in which TBO Tek operates, has also seen a decline of 3.89%, further reflecting the challenges faced by the company. Despite high institutional holdings at 49.49%, which typically provide stability, the combination of falling investor participation and sector-wide downturns may be influencing the stock's current negative trajectory.