Why is Tera Software falling/rising?

As of 22-Sep, Tera Software Ltd's stock price is rising, currently at Rs. 468.15, reflecting an increase of Rs. 22.25 or 4.99%. The stock has recently reached a new 52-week and all-time high, outperforming its sector by 7.6%. Over the past week, Tera Software has gained 18.68%, and in the last month, it has surged by 61.49%. The company reported positive financial results, with net sales growing by 21.7% and achieving the highest operating profit to net sales ratio at 22.91%. Additionally, the stock has a low debt-to-equity ratio of 0.08, indicating financial stability, which supports its upward price movement.
In the broader market context, Tera Software's performance stands in stark contrast to the IT - Software sector, which has declined by 2.6%. While the stock has shown impressive gains over various periods, including a remarkable 543.86% increase over the past year, the benchmark Sensex has only risen by 5.15% year-to-date. However, there has been a notable decline in investor participation, with delivery volume dropping significantly, which could indicate potential caution among investors despite the stock's strong performance. Overall, Tera Software's rising stock price is driven by solid financial results and strong historical performance, even as the broader sector faces challenges.