Why is Tega Inds. falling/rising?

As of 02-Sep, Tega Industries Ltd is experiencing a price increase, currently at 1,998.00, reflecting a rise of 58.0 or 2.99%. The stock has shown strong performance today, outperforming its sector by 2.71% and achieving a consecutive gain over the last three days, with a total return of 11.93% during this period. It has also reached an intraday high of Rs 2017.25, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. Additionally, rising investor participation is evident with a significant increase in delivery volume, which has surged by 254.59% compared to the 5-day average. The company boasts high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, all of which contribute positively to investor sentiment and the stock's recent upward movement.
In the broader market context, Tega Industries Ltd has outperformed the Sensex over various time frames, including a 1-week return of +8.92% compared to the Sensex's -0.78%, and a year-to-date return of +27.28% against the Sensex's +2.58%. This consistent outperformance highlights the stock's strength relative to the broader market, particularly in the face of a generally declining benchmark. The company's ability to generate consistent returns over the past three years further reinforces its attractiveness to investors, especially institutional ones who have better analytical resources. Overall, the combination of strong stock performance, positive investor sentiment, and favorable company fundamentals contributes to the rising price of Tega Industries Ltd.