Why is Tera Software falling/rising?

As of 28-Aug, Tera Software Ltd's stock is currently priced at Rs 297.80, reflecting an increase of Rs 5.8 or 1.99%. The stock has demonstrated strong performance today, outperforming its sector by 3.73%, despite trading within a narrow range of Rs 0.1. It has exhibited high volatility with an intraday volatility of 1079.87%. Additionally, Tera Software is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has shown impressive growth in its recent quarterly results, with a 102.9% increase in PAT and a 21.7% rise in net sales compared to previous averages, which likely contributes to the stock's upward movement. Furthermore, the low debt-to-equity ratio and significant returns over the past year, including a 308.39% increase, reinforce investor confidence.
In the broader market context, Tera Software's short-term return of +3.17% over the past week stands in stark contrast to the Sensex, which has declined by 2.34% during the same period. This divergence highlights the stock's resilience and attractiveness to investors, especially given its strong performance relative to the benchmark. The company's ability to generate substantial returns over the long term, coupled with rising investor participation, suggests that Tera Software is well-positioned in the market, further supporting its recent price increase.