Why is TBO Tek falling/rising?

As of 05-Sep, TBO Tek Ltd's stock price is currently at 1,540.00, reflecting an increase of 20.0 (1.32%). The stock has shown strong performance recently, with a 1-week return of +17.71% and a 1-month return of +11.53%. Today's trading has been particularly positive, as the stock outperformed its sector by 1.03% and reached an intraday high of Rs 1570, marking a 3.29% increase. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, rising investor participation is evident with a significant increase in delivery volume, which has risen by 59.49% compared to the 5-day average. The company boasts strong long-term fundamentals, with an average Return on Equity (ROE) of 28.30% and impressive growth in net sales and operating profit.
In the broader market context, TBO Tek's recent performance stands out against the benchmark, as it has significantly outperformed the Sensex over the past week and month, while the benchmark has shown only modest gains of +1.13% and 0.00%, respectively. However, it is important to note that TBO Tek has experienced a year-to-date decline of -10.93%, indicating some volatility and underperformance over a longer horizon. Despite the positive short-term indicators and high institutional holdings at 49.29%, the stock's valuation remains a concern, with a high Price to Book Value ratio and a history of underperformance against the benchmark over the last three years.