Why is Tera Software falling/rising?

As of 03-Jul, Tera Software Ltd's stock price is rising, currently at Rs 306.95, reflecting an increase of Rs 6.45 or 2.15%. The stock has shown strong performance, with a 1-week return of +11.21% and a remarkable 1-year return of +284.31%, significantly outperforming the BSE500 index during this period. Today's trading saw the stock reach an intraday high of Rs 307, while it also experienced a low of Rs 291. Notably, Tera Software is trading above all its moving averages, indicating a positive trend. Additionally, there has been a substantial increase in investor participation, with delivery volume rising by 221.94% compared to the 5-day average. The company's positive financial results, including a 27.29% growth in net sales and a higher profit after tax, contribute to the stock's upward momentum.
In the broader market context, Tera Software's short-term performance is notably strong compared to the Sensex, which has declined by 0.62% over the past week. This stark contrast highlights the stock's resilience and attractiveness to investors. The company's consistent returns over the last three years and its ability to outperform the benchmark indices further bolster investor confidence. With the majority of shareholders being non-institutional, the stock appears to have a solid support base, which may also be influencing its rising price. Overall, the combination of strong financial performance, positive market sentiment, and increased trading activity suggests a favorable outlook for Tera Software Ltd.