Why is Tips Music falling/rising?

As of 30-Jul, Tips Music Ltd's stock price is currently at Rs 601.55, reflecting a decrease of Rs 5.45, or 0.9%. The stock has shown a significant decline in the short term, with a 1-week return of -3.59% and a 1-month return of -10.65%. Today's trading saw the stock open with a gain of 2.43%, reaching an intraday high of Rs 621.75, but it ultimately fell to a low of Rs 585.45. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 18.9% compared to the 5-day average. Despite strong long-term fundamentals, including a high return on equity and healthy operating profit growth, the recent price movement suggests a struggle to maintain momentum in the face of declining short-term performance.
In the broader market context, Tips Music Ltd has underperformed relative to the Sensex, which has seen a decline of only 1.50% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 21.23%, contrasting sharply with the Sensex's gain of 4.28%. This disparity highlights the challenges faced by Tips Music Ltd in attracting investor confidence despite its strong fundamentals. The combination of poor short-term returns, reduced trading volume, and the stock's position below moving averages suggests that market sentiment is currently negative, overshadowing the company's long-term strengths.