Why is Tera Software falling/rising?

As of 29-Aug, Tera Software Ltd's stock price is currently at Rs 303.75, reflecting an increase of 5.95 or 2.0%. The stock has shown strong performance today, outperforming its sector by 2.68% and has gained consecutively over the last two days, with a total return of 4.02% in this period. It opened with a 2% gain and reached an intraday high of Rs 303.75. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 47.77% compared to the five-day average. The company has a low debt-to-equity ratio of 0.08 times, and recent financial results indicate significant growth, with a 102.9% increase in PAT and a 21.7% rise in net sales compared to previous averages, contributing positively to the stock's upward trajectory.
In the broader market context, Tera Software's short-term return of +4.78% over the past week contrasts sharply with the Sensex, which has declined by 1.84% in the same period. This indicates that Tera Software is not only performing well relative to its own historical performance but also significantly outperforming the broader market. Over the last year, the stock has generated an impressive 324.83% return, while the Sensex has decreased by 2.83%, further highlighting the company's strong market position and resilience in a challenging economic environment.