Why is Tera Software falling/rising?

As of 23-Sep, Tera Software Ltd is experiencing a decline in its stock price, currently at Rs 458.80, which reflects a decrease of Rs 9.35 or 2.0%. Today's performance indicates that the stock has underperformed its sector by 1.41% and has fallen after two consecutive days of gains. It reached an intraday low of Rs 458.80, showing high volatility with an intraday volatility rate of 87.39%. Despite this decline, the stock has shown impressive returns over various periods, including a 58.26% increase over the past month and a staggering 501.00% increase over the past year. Additionally, Tera Software is trading above its moving averages, indicating a generally positive trend, and there has been a notable increase in investor participation with a 55.11% rise in delivery volume.
In the broader market context, Tera Software's short-term performance stands in stark contrast to the Sensex, which has only seen a minor decline of 0.34% over the past week. While Tera Software has outperformed the benchmark significantly over the year and longer periods, the recent drop in price suggests a temporary correction after a strong upward trend. The stock's liquidity remains adequate for trading, which may help stabilize its price in the face of recent volatility. Overall, while the stock has shown remarkable growth, the current decline may be attributed to profit-taking after a strong rally and the inherent volatility in the market.