Why is TBO Tek falling/rising?

As of 25-Jul, TBO Tek Ltd's stock price is currently at Rs 1,395.90, reflecting a decrease of Rs 38.1 or 2.66%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 2.72% during this period. Today's trading saw the stock reach an intraday low of Rs 1,353.5, which is a significant drop of 5.61%. Additionally, the stock's performance over the past week shows a decline of 1.24%, while it has fared better over the past month with a gain of 7.21%. Despite strong long-term fundamentals, including a high Return on Equity (ROE) of 28.30% and substantial growth in net sales, the stock is currently facing pressure, likely influenced by a recent drop in investor participation and a sector-wide decline of 3.39% in Travel Services.
In the broader market context, TBO Tek's recent performance contrasts with the benchmark Sensex, which has only declined by 0.36% over the past week. The stock's year-to-date performance shows a significant underperformance compared to the Sensex, with TBO Tek down 19.26% while the index has gained 4.25%. The falling delivery volume, which has decreased by 44.54% against the five-day average, indicates reduced investor interest, further contributing to the stock's decline. Despite its strong market position and institutional holdings of 49.29%, the current market conditions and sector performance are negatively impacting TBO Tek's stock price.