Why is Tega Inds. falling/rising?

As of 06-Aug, Tega Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,819.70, which reflects a decrease of Rs 40.8 or 2.19%. The stock has underperformed its sector by 1.81% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.48%. It opened with a loss of 2.41% and reached an intraday low of Rs 1,784.2, indicating significant selling pressure. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 47.31% compared to the 5-day average. The stock's performance over the past week shows a decline of 4.20%, while it has gained 7.91% over the past month, suggesting a more volatile short-term trend.
In the broader market context, the Sensex has only decreased by 1.15% over the past week, indicating that Tega Industries Ltd's short-term performance is lagging behind the benchmark. Year-to-date, the stock has outperformed the Sensex with a gain of 15.92% compared to the index's 3.08%, but the recent downturn highlights a shift in momentum. The stock remains above its 50-day, 100-day, and 200-day moving averages, yet it is below the 5-day and 20-day moving averages, suggesting mixed signals in terms of trend strength. Overall, while Tega Industries has shown strong performance over longer periods, recent price movements indicate a struggle in the short term amidst broader market conditions.