Why is TBO Tek falling/rising?

As of 06-Aug, TBO Tek Ltd's stock price is currently at 1,371.50, reflecting a decrease of 9.25 points or 0.67%. The stock has been experiencing a downward trend, having lost 3.1% over the last three days. Despite this recent decline, the stock has shown a slight increase of 0.99% over the past week, although it has fallen 3.88% over the past month. The stock's performance today is in line with the sector, and it has been trading with increased investor participation, as indicated by a 127.4% rise in delivery volume compared to the five-day average. The company maintains strong long-term fundamentals, with a healthy return on equity of 28.30% and significant growth in net sales and operating profit, which could support its valuation despite the recent price drop.
Broader market context indicates that TBO Tek's performance has been relatively weaker compared to the benchmark Sensex, which has seen a decline of 1.15% over the past week and a 3.46% drop over the past month. Year-to-date, TBO Tek has underperformed significantly, with a decline of 20.67% compared to the Sensex's increase of 3.08%. This underperformance may be contributing to the stock's recent price decline, despite its strong institutional holdings of 49.29% and solid financial metrics that suggest long-term growth potential. The overall market sentiment and performance may be influencing investor behavior, leading to the stock's current downward movement.