Why is Tega Inds. falling/rising?

As of 26-Aug, Tega Industries Ltd's stock price is currently at 1,834.30, reflecting a decrease of 52.55 points or 2.79%. The stock has underperformed its sector today by 0.98% and has experienced a trend reversal, falling after three consecutive days of gains. The stock touched an intraday low of Rs 1831.25, indicating a decline of 2.95%. Over the past week, the stock has shown a slight increase of 0.23%, but it has decreased by 1.33% over the past month. Despite these recent declines, Tega Industries has demonstrated strong performance over the longer term, with a year-to-date return of 16.85% and a three-year return of 237.75%. The company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which contribute positively to its overall stability and attractiveness to investors.
In the broader market context, Tega Industries' short-term performance contrasts with the Sensex, which has declined by 1.05% over the past week and 0.83% over the past month. This suggests that while Tega Industries is facing a downturn, it is still performing relatively better than the overall market in the short term. The rising investor participation, evidenced by a 34.19% increase in delivery volume, indicates that there is still interest in the stock despite its recent price drop. Overall, while the stock is currently facing downward pressure, its long-term performance and strong fundamentals may provide a cushion against broader market volatility.