Why is Tega Inds. falling/rising?

As of 23-Sep, Tega Industries Ltd's stock price is currently at Rs 1,910.00, reflecting a decline of Rs 62.05, or 3.15%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 9.68% during this period. Today, it reached an intraday low of Rs 1,903.3, and trading volume has decreased significantly, with delivery volume down by 64.5% compared to the five-day average. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 21.67% and a remarkable 241.80% rise over the past three years. The company benefits from high management efficiency, a low debt-to-equity ratio, and substantial institutional holdings, which may provide some support against the recent price decline.
Broader market context indicates that Tega Industries Ltd has underperformed the benchmark Sensex in the short term, with a weekly decline of 7.60% compared to the Sensex's slight drop of 0.34%. However, the stock has outperformed the Sensex over the past month and year, suggesting that while it is currently facing challenges, its long-term fundamentals remain strong. The recent price movement may be influenced by a combination of falling investor participation and market sentiment, despite the company's consistent returns and strong operational metrics.