Why is TBO Tek falling/rising?

As of 14-Jul, TBO Tek Ltd's stock price is currently at Rs 1,358.85, reflecting an increase of Rs 38.85 or 2.94%. Today's price summary indicates that the stock has outperformed its sector by 1.92%, reaching an intraday high of Rs 1,358.85. Despite this positive movement, the stock has shown a decline of 1.89% over the past week and a significant year-to-date drop of 21.40%. However, the company demonstrates strong long-term fundamentals, with an average Return on Equity (ROE) of 28.30%, healthy net sales growth, and a low debt-to-equity ratio. High institutional holdings at 49.49% suggest confidence from larger investors, which may contribute to the stock's recent upward movement.
In the broader market context, TBO Tek's recent performance contrasts with the benchmark Sensex, which has declined by 1.42% over the past week. While TBO Tek has outperformed the sector today, its year-to-date performance remains significantly lower than the Sensex's gain of 5.27%. This disparity indicates that while the stock is experiencing a short-term rise, it has struggled to maintain momentum in the longer term compared to the overall market. The falling investor participation, as evidenced by a 21.34% drop in delivery volume, may also pose challenges for sustained growth moving forward.