Why is Tega Inds. falling/rising?

As of N/A, Tega Industries Ltd is experiencing a price increase, currently at 1,998.85, reflecting a rise of 58.5 or 3.01%. Although today's price summary data is not available, the stock has shown strong performance in recent periods, with a 12.93% increase over the past week and a 32.05% increase over the past month. The company has demonstrated high management efficiency, evidenced by a return on capital employed (ROCE) of 19.37%, and has reported significant growth in its quarterly profit after tax (PAT) of 117.2% compared to the previous four-quarter average. Additionally, the stock has a low debt-to-equity ratio and high institutional holdings at 20.13%, indicating confidence from larger investors. However, there are concerns regarding long-term growth, as operating profit has only grown at an annual rate of 18.28% over the last five years, and the stock is considered expensive with a high price-to-book value ratio.
In the broader market context, Tega Industries Ltd's recent performance stands in stark contrast to the Sensex, which has shown a slight decline of 0.06% over the past week and a 0.25% decrease over the past month. This indicates that while the stock is rising, the overall market is not performing as well, highlighting Tega's relative strength. The stock has also outperformed the BSE500 in each of the last three annual periods, suggesting that it is gaining traction among investors despite some valuation concerns.