Why is Tega Inds. falling/rising?

As of 05-Sep, Tega Industries Ltd is experiencing a price increase, currently valued at Rs 2,083.45, reflecting a rise of Rs 115.0 or 5.84%. The stock has shown a positive trend today, having outperformed its sector by 6.45% and marking a reversal after two consecutive days of decline. It reached an intraday high of Rs 2,083.45 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Tega Industries has delivered a return of 22.65%, significantly outperforming the BSE500 index in each of the last three annual periods. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which contribute to its strong performance.
In the broader market context, Tega Industries has outperformed the Sensex over various periods, including a 12.67% gain over the past week compared to the Sensex's 1.13%. Year-to-date, the stock has risen by 32.72%, while the Sensex has only increased by 3.29%. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 42.7% against the 5-day average. Despite this drop in participation, the stock remains liquid enough for trading, indicating continued interest from investors. Overall, the combination of strong historical performance, efficient management, and institutional support contributes to the stock's upward movement.