Why is Tera Software falling/rising?

As of 23-Jul, Tera Software Ltd is experiencing a decline in its stock price, currently at Rs 330.35, which reflects a decrease of Rs 17.35 or 4.99%. Today's price summary indicates that the stock has underperformed its sector by 5.44% and has fallen after five consecutive days of gains, reaching an intraday low of Rs 330.35. Despite this drop, Tera Software has shown impressive returns over various periods, including a 385.81% increase over the past year and a staggering 748.14% over the last three years. Positive financial results, such as a 27.29% growth in net sales and a higher profit after tax, contribute to the stock's strong performance historically, although the recent price movement suggests a potential trend reversal.
In the broader market context, Tera Software's short-term performance over the past week shows a gain of 7.54%, significantly outperforming the Sensex, which only increased by 0.11%. This indicates that while the stock is currently facing a decline, it has been on an upward trajectory recently compared to the benchmark. The rising investor participation, with a notable increase in delivery volume, suggests continued interest in the stock despite today's downturn. Overall, while Tera Software has demonstrated strong historical performance and positive fundamentals, the recent price drop may reflect a natural correction after a period of significant gains.