Why is Tega Inds. falling/rising?

As of 17-Sep, Tega Industries Ltd is experiencing a price increase, currently at Rs 2,114.60, reflecting a rise of 47.4 points or 2.29%. The stock has shown strong performance today, outperforming its sector by 1.92% and reaching an intraday high of Rs 2,130, which is a 3.04% increase. Over the past week, Tega Industries has gained 1.68%, and in the last month, it has risen by 14.17%. The company has demonstrated consistent returns, generating a 12.90% return over the last year and a remarkable 278.35% over the past three years. Additionally, the company benefits from high management efficiency, a low debt-to-equity ratio, and significant institutional holdings, which contribute positively to investor confidence.
In the broader market context, Tega Industries has outperformed the Sensex, which has only increased by 1.56% in the past week and 2.60% in the past month. While the stock's performance is strong, it is noteworthy that there has been a decline in investor participation, with delivery volume falling by 36.98% against the five-day average. Despite this drop in participation, the stock remains liquid enough for trading, indicating that it is still attractive to investors. Overall, the combination of solid returns, efficient management, and institutional backing supports the stock's upward movement, even as some indicators suggest a slight cooling in trading activity.