Why is Tega Inds. falling/rising?

As of 11-Sep, Tega Industries Ltd is experiencing a decline in its stock price, currently at Rs 2,032.00, reflecting a decrease of Rs 47.65 or 2.29%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.33%. It touched an intraday low of Rs 1,997.15, indicating a significant downward movement. Despite this recent decline, the stock has shown strong performance over the past month and year, with returns of 11.92% and 12.51%, respectively. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which typically provide a buffer against volatility. However, the recent drop in delivery volume and the stock's underperformance against its sector by 2.42% suggest weakening investor confidence.
In the broader market context, Tega Industries Ltd has outperformed the Sensex over the past week and month, with returns of 3.23% and 11.92%, respectively, compared to the benchmark's 1.03% and 1.17%. This indicates that while the stock is currently facing short-term challenges, it has maintained a strong position relative to the market over longer periods, including a remarkable 263.64% increase over the last three years. The recent decline may be attributed to short-term market fluctuations rather than a fundamental deterioration in the company's performance, as evidenced by its consistent returns and strong operational metrics.