Why is Tera Software falling/rising?

As of 08-Jul, Tera Software Ltd's stock price is currently at Rs 301.00, reflecting an increase of Rs 15.5 or 5.43%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It reached an intraday high of Rs 301.25, indicating strong performance today, and has outperformed its sector by 5.16%. Despite a recent drop in delivery volume by 15.25% compared to the five-day average, the stock remains above its moving averages across various time frames. Over the past year, Tera Software has delivered impressive returns of 273.91%, significantly outperforming the BSE500 index, and has shown consistent growth in net sales and profit after tax in recent financial results.
In the broader market context, Tera Software's short-term performance over the past week has been slightly negative at -1.46%, while the benchmark Sensex has remained relatively flat with a change of +0.02%. However, the stock's strong year-to-date return of 59.68% and a remarkable three-year return of 746.69% suggest a robust long-term growth trajectory. The majority of shareholders being non-institutional indicates a stable ownership structure, which may contribute to investor confidence despite recent fluctuations in trading volume. Overall, the combination of positive financial results and a strong historical performance underpins the stock's recent upward movement.