Why is Tera Software falling/rising?

As of 25-Aug, Tera Software Ltd's stock price is currently at 295.65, reflecting an increase of 5.75 or 1.98%. The stock has shown a positive trend recently, gaining 2.43% over the last two days, although it underperformed its sector by 0.42% today. In terms of returns, Tera Software has delivered impressive long-term performance, with a 305.00% increase over the past year and a staggering 614.13% over three years. The company also reported strong quarterly results, with a 102.9% growth in PAT and a 21.7% increase in net sales compared to previous averages, which likely contributes to the stock's upward movement despite some volatility and a decline in investor participation.
Broader market context indicates that Tera Software's short-term performance has slightly outpaced the benchmark, with a 0.53% increase over the past week compared to the Sensex's 0.45% rise. However, the stock has experienced a decline of 6.82% over the past month while the benchmark has increased by 0.21%. The IT - Software sector has gained by 2.41%, suggesting a supportive environment for the stock, even as it faces challenges with falling delivery volumes and high volatility. Overall, while Tera Software has shown strong long-term performance and positive quarterly results, its recent price movement reflects a mix of volatility and sector dynamics.