Why is Tera Software falling/rising?

As of 19-Sep, Tera Software Ltd's stock price is rising, currently at Rs 445.90, reflecting an increase of Rs 21.2 or 4.99%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 5.39%. Despite opening with a loss of 2.05%, it touched an intraday high of Rs 445.90 and has shown strong performance over various periods, with a remarkable 497.80% return over the past year. The company reported significant growth in its latest quarterly results, with a 102.9% increase in PAT and a 21.7% rise in net sales compared to previous averages, contributing positively to investor sentiment.
In the broader market context, Tera Software's recent performance stands in stark contrast to the Sensex, which has only gained 0.88% over the past week and 5.74% year-to-date. The stock's impressive returns of 54.69% over the past month and 136.55% year-to-date highlight its strong market position, especially given the low debt-to-equity ratio of 0.08, indicating financial stability. Additionally, the rising investor participation, with a significant increase in delivery volume, suggests growing confidence in the stock, further supporting its upward trajectory in a relatively stagnant market.