Why is Tera Software falling/rising?

As of 10-Jul, Tera Software Ltd's stock is rising, with a current price of Rs 319.15, reflecting an increase of Rs 15.15 or 4.98%. The stock has recently hit a new 52-week and all-time high today, outperforming its sector by 5.61%. It has shown a consistent upward trend, gaining 11.79% over the last three days. Additionally, Tera Software has demonstrated impressive returns, with a 305.37% increase over the past year and a staggering 797.75% over the last three years. 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, further support the stock's upward movement. However, there has been a slight decline in investor participation, with delivery volume decreasing by 4.97% against the five-day average.
In the broader market context, Tera Software's short-term performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. While Tera Software has gained 3.97% in the same period, the stock's strong performance is underscored by its ability to consistently outperform the BSE500 over the last three years. This trend of robust returns, coupled with positive financial indicators, suggests that Tera Software is well-positioned in the market despite the recent drop in investor participation.