Why is Tips Music falling/rising?

As of 11-Jul, Tips Music Ltd's stock price is currently at 649.25, reflecting an increase of 9.4, or 1.47%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 2.41% today. Despite trading lower than all its moving averages, the stock reached an intraday high of Rs 660, indicating some positive momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 352.12% compared to the five-day average. Over the past year, Tips Music has generated a return of 24.02%, outperforming the BSE500 in each of the last three annual periods, which highlights its strong long-term fundamental strength, including a high average Return on Equity (ROE) of 61.93% and healthy operating profit growth.
In the broader market context, Tips Music's short-term performance has been under pressure, with a 1-week decline of 2.87%, while the Sensex has only decreased by 1.12% during the same period. This indicates that the stock has been lagging behind the benchmark in the short term. However, the company's long-term performance remains robust, with a remarkable 4391.53% increase over the last five years, suggesting that while the stock may be experiencing short-term volatility, its overall trajectory is positive. The low debt-to-equity ratio and consistent returns over the years further support the stock's resilience in the market.