Why is Tera Software falling/rising?

As of 30-Jul, Tera Software Ltd's current price is 306.10, reflecting a decrease of 3.9, or 1.26%. The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 11.96% during this period. Despite this recent downturn, Tera Software has shown strong performance over the longer term, with a remarkable 305.48% return over the past year and a staggering 679.87% increase over the last three years. Positive financial results, including a 27.29% growth in net sales and a higher profit after tax, indicate the company's strong fundamentals, although the recent price movement suggests investor sentiment may be cautious.
In the broader market context, Tera Software's short-term performance has significantly lagged behind the benchmark, with a 7.34% decline over the past week compared to a 1.50% drop in the Sensex. This underperformance in the short term contrasts with the stock's impressive year-to-date return of 62.39% against the Sensex's 4.28%. The high volatility observed today, with an intraday volatility of 140.95%, may also contribute to investor uncertainty, despite rising delivery volumes indicating increased participation. Overall, while Tera Software has demonstrated strong long-term returns, recent trends suggest a challenging short-term outlook influenced by market conditions and investor sentiment.