Why is Tera Software falling/rising?

As of 09-Jul, Tera Software Ltd's stock price is currently at Rs 304.00, reflecting an increase of Rs 3.0 or 1.0%. The stock has shown strong performance recently, gaining 6.48% over the last two days and outperforming its sector by 1.75% today. It is also trading close to its 52-week high, just 4.93% away from Rs 319. The stock has consistently outperformed the benchmark Sensex over various periods, including a remarkable 284.81% return over the past year. Positive financial results, including a 71.57% growth in profit after tax and a 30.96% increase in net sales over the last six months, contribute to the stock's upward momentum. However, there is a noted decline in investor participation, with delivery volume falling by 40.44% against the five-day average, which could be a concern for future trading activity.
In the broader market context, Tera Software's short-term return of 1.16% over the past week significantly outpaces the Sensex's modest gain of 0.15%. The stock's performance is indicative of strong investor confidence, particularly given its consistent returns over the last three years, where it has outperformed the BSE500 in each annual period. This positive trend is supported by the company's solid financial results, although the drop in trading volume may suggest a potential caution among investors. Overall, the combination of strong financial performance and recent price gains positions Tera Software favorably in the market, despite the noted decrease in trading activity.