Why is Tera Software falling/rising?

As of 18-Jul, Tera Software Ltd's stock price is rising, currently at Rs 315.40, reflecting an increase of Rs 4.95 or 1.59%. The stock has shown strong performance recently, gaining 6.92% over the last three days and is currently trading above all key moving averages, indicating positive momentum. It is also close to its 52-week high, just 3.33% away from Rs 325.9. The company has reported impressive financial results, with net sales, PBDIT, and PAT all reaching their highest levels in the last quarter. Additionally, Tera Software has consistently outperformed the BSE500 index over the past three years, generating a remarkable 321.09% return in the last year alone.
In the broader market context, Tera Software's short-term return of 1.59% over the past week stands in stark contrast to the Sensex, which has declined by 0.90% during the same period. This divergence highlights the stock's strength relative to the overall market. The rising investor participation, evidenced by a 12.82% increase in delivery volume, further supports the stock's upward trajectory. Overall, Tera Software's strong financial performance, consistent returns, and positive market sentiment contribute to its rising stock price amidst a challenging market environment.