Why is TBO Tek falling/rising?

As of 30-Jul, TBO Tek Ltd's stock price is currently at Rs 1,358.10, reflecting a decline of Rs 35.65 or 2.56%. The stock has underperformed its sector by 1.61% today, having touched an intraday low of Rs 1,344.35, which represents a decrease of 3.54%. Over the past week, the stock has seen a return of -5.36%, and its year-to-date performance is down by 21.45%. Despite these declines, the company shows strong long-term fundamentals, with an average Return on Equity (ROE) of 28.30% and significant growth in net sales and operating profit. Additionally, the company has a low debt-to-equity ratio and high institutional holdings at 49.29%, indicating a solid foundation despite the recent price drop.
In the broader market context, TBO Tek's recent performance contrasts with the Sensex, which has only declined by 1.50% over the past week. This suggests that the stock's short-term struggles are more pronounced than the overall market. The company's market capitalization of Rs 15,134 crore positions it as a significant player in its sector, yet its year-to-date performance starkly contrasts with the Sensex's positive return of 4.28%. The liquidity of the stock remains adequate, with a notable increase in delivery volume, indicating rising investor participation, which could be a positive sign for future performance despite the current downturn.