Why is Tera Software falling/rising?

As of 04-Jul, Tera Software Ltd's stock price is currently at Rs 298.35, reflecting a decline of Rs 8.6 or 2.8%. Today's price summary indicates that the stock underperformed its sector by 3.51%, with an intraday low of Rs 287.15, marking a decrease of 6.45%. Despite this drop, Tera Software has shown strong performance over the past year, with a remarkable return of 277.90%, and has consistently outperformed the BSE500 in each of the last three annual periods. The company reported positive results for the nine-month period ending March 25, with net sales growing by 27.29% and a higher profit after tax of Rs 6.66 crore, which suggests underlying strength despite the current price decline. However, there has been a noticeable decrease in investor participation, with delivery volume falling by 7.48% against the five-day average, which may contribute to the stock's downward movement.
In the broader market context, Tera Software's short-term performance over the past week shows a gain of 7.67%, contrasting with a slight decline of 0.74% in the Sensex. This indicates that while the stock has been performing well relative to the market in the short term, the recent price drop may reflect profit-taking or reduced investor interest. The stock's liquidity remains adequate for trading, but the decline in delivery volume suggests a potential shift in investor sentiment. Overall, while Tera Software has demonstrated strong long-term returns, the recent price movement may be influenced by short-term trading dynamics and a decrease in active participation from investors.