Why is Tera Software falling/rising?

As of 29-Jul, Tera Software Ltd's stock is currently priced at 310.00, reflecting a decrease of 1.0 (-0.32%). The stock has been experiencing a downward trend, having lost 10.84% over the past week and showing a consistent decline for the last five days. Despite this recent downturn, the company has demonstrated strong performance over the longer term, with a remarkable 297.44% return over the past year and a 689.81% increase over the last three years. However, the stock's volatility has been high, with an intraday volatility of 163%, and there has been a significant drop in investor participation, as evidenced by a 98.26% decrease in delivery volume compared to the five-day average. Positive financial results, including a 27.29% growth in net sales and a higher profit after tax, indicate underlying strength, but the recent price movement suggests that short-term pressures are affecting investor sentiment.
In the broader market context, Tera Software's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.03% over the past week. While Tera Software has outperformed the benchmark significantly over longer periods, the short-term decline highlights a divergence from the overall market trend. The stock's liquidity remains sufficient for trading, but the falling delivery volume and high volatility may be contributing to investor caution. Overall, while the company has shown strong fundamentals and consistent returns, the recent price drop reflects short-term market dynamics rather than a fundamental deterioration in the company's performance.