Why is Tega Inds. falling/rising?

As of 01-Sep, Tega Industries Ltd is experiencing a price increase, currently at 1,940.00, reflecting a rise of 90.9 or 4.92%. The stock has shown strong performance today, outperforming its sector by 4.04% and achieving a consecutive gain over the last two days with an overall return of 8.68% in this period. Additionally, Tega Industries has consistently outperformed the benchmark, with a year-to-date return of 23.58% compared to the Sensex's 2.85%. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 19.37%, a low debt-to-equity ratio of 0.04, and significant institutional holdings at 20.13%, which contribute to investor confidence and support the stock's upward movement.
In the broader market context, Tega Industries has outperformed the Sensex over the past week and month, with respective returns of 2.82% and 2.84%, while the benchmark has shown declines. This positive divergence indicates strong investor sentiment towards Tega Industries amidst a generally challenging market environment. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 18.57% against the five-day average, which could suggest caution among some investors. Despite this, the stock's liquidity remains adequate for trading, further supporting its recent price rise.