Why is Tera Software falling/rising?

As of 09-Sep, Tera Software Ltd's stock price is currently at Rs. 362.00, showing no change (0.00%). The stock recently hit a new 52-week and all-time high of Rs. 380.1, indicating strong upward momentum. Over the past week, Tera Software has risen by 13.34%, and it has demonstrated impressive returns of 417.14% over the past year, significantly outperforming the BSE500 index. The company reported positive quarterly results, with net sales growing by 21.7% and the highest operating profit margin recorded at 22.91%. Additionally, the stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 83.53% compared to the 5-day average.
In the broader market context, Tera Software's performance has outpaced the Sensex, which has only increased by 1.18% over the past week. The IT - Software sector has also seen gains of 2.18%, indicating a favorable environment for the industry. Despite the stock underperforming its sector by 2.17% today, its long-term performance remains robust, with a low debt-to-equity ratio and majority non-institutional shareholders suggesting stability. Overall, Tera Software's strong financial results and market-beating performance contribute to its rising stock price, even amidst some short-term fluctuations.