Why is TBO Tek falling/rising?

As of 08-Sep, TBO Tek Ltd's stock price is currently at Rs 1,570.55, reflecting an increase of Rs 30.55 or 1.98%. The stock has shown strong performance recently, gaining 3.33% over the last two days and outperforming its sector by 2.36% today. It reached an intraday high of Rs 1,687.4, marking a notable rise of 9.57%. Over the past week, TBO Tek has experienced a significant return of 15.29%, while its one-month return stands at 15.51%. Despite these positive short-term movements, the stock has faced challenges over the longer term, with a year-to-date decline of 9.16% and a one-year return of -13.96%. The company boasts strong fundamentals, including a high average Return on Equity (ROE) of 28.30% and impressive growth in net sales and operating profit. However, it also faces risks due to its high valuation and consistent underperformance against benchmarks over the past three years.
In the broader market context, TBO Tek's recent gains are particularly notable when compared to the Sensex, which has only increased by 0.53% over the past week. This indicates that TBO Tek is outperforming the market significantly in the short term. However, the stock's longer-term performance remains a concern, as it has underperformed the BSE500 index consistently over the last three years. The high institutional holdings at 49.29% suggest that informed investors are backing the stock, which may contribute to its recent upward movement. Nonetheless, the falling investor participation, as indicated by a significant drop in delivery volume, could pose a risk to sustaining this momentum.