Why is Tips Music falling/rising?

As of 29-Jul, Tips Music Ltd's stock price is currently at 607.00, reflecting an increase of 6.55 or 1.09%. Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 617.35. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The stock has shown a negative performance over the past week and month, with declines of 4.42% and 9.81% respectively, although it has outperformed the benchmark Sensex over the last year with a return of 1.17%. The company boasts strong long-term fundamentals, including a high return on equity (ROE) of 61.93% and significant operating profit growth, but recent quarterly results showed a decline in profit before tax and profit after tax compared to previous averages, which may be contributing to investor caution.
In the broader market context, Tips Music's short-term performance has been weaker than the Sensex, which has only declined by 1.03% over the past week. Despite the stock's recent rise, the overall trend indicates a challenging environment, as indicated by falling investor participation and a significant drop in delivery volume. The stock's high valuation, with a price-to-book ratio of 36.6, compared to its peers, raises concerns about its sustainability, especially given the recent flat quarterly results. While the company has demonstrated consistent returns over the past three years, the current market sentiment appears cautious, reflecting a complex interplay of strong fundamentals and recent disappointing financial performance.