Why is Tera Software falling/rising?

As of 01-Jul, Tera Software Ltd's stock price is rising, currently at Rs 305.45, reflecting an increase of Rs 14.5 or 4.98%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 5.48%. It has shown consistent gains over the last six days, accumulating a total return of 15.5% during this period. Additionally, Tera Software has demonstrated impressive performance over various time frames, with a year-to-date increase of 62.04% and a staggering 275.48% rise over the past year. Positive financial results, including a 27.29% growth in net sales and a higher profit after tax, further bolster investor confidence, despite a noted decline in delivery volume.
Broader market context indicates that Tera Software's short-term performance significantly outpaces the benchmark, with a 1-week return of 13.26% compared to the Sensex's 2.00% increase. This trend of outperformance has been consistent, as Tera Software has surpassed the BSE500 in returns over the last three years. The stock's strong liquidity and favorable moving averages also contribute to its upward momentum, although the recent drop in investor participation could be a point of concern moving forward.