Why is Tera Software falling/rising?

As of 22-Jul, Tera Software Ltd's stock price is rising, currently at Rs. 347.70, reflecting an increase of Rs. 16.55 or 5.0%. The stock has shown strong performance today, hitting a new 52-week and all-time high, and has outperformed its sector by 5.22%. Over the last five days, the stock has gained 17.86%, and it opened with a gap up of 4.76% today. Additionally, Tera Software is trading above all its moving averages, indicating a strong upward trend. Positive financial results, including a 27.29% growth in net sales and a higher profit after tax, contribute to the stock's momentum, alongside consistent returns over the past three years, which have significantly outperformed the BSE500.
In the broader market context, Tera Software's short-term return of 17.86% over the past week stands in stark contrast to the Sensex, which has seen a decline of 0.47% during the same period. This significant outperformance highlights the stock's strength relative to the broader market. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the bullish sentiment surrounding the stock. Overall, Tera Software's recent price movement is driven by strong financial performance and positive market sentiment, distinguishing it from the broader market trends.