Why is Tips Music falling/rising?

As of 31-Jul, Tips Music Ltd is experiencing a decline in its stock price, currently at Rs 588.95, which represents a decrease of Rs 12.6 or 2.09%. The stock has underperformed its sector by 2.36% today and has been on a downward trend for the last two days, accumulating a total loss of 2.97%. It opened significantly lower, with a loss of 4.35%, and reached an intraday low of Rs 561, marking a decline of 6.74%. In terms of performance over various periods, the stock has seen a 1-week decline of 5.64% and a 1-month decline of 11.94%, while year-to-date, it has dropped 22.88%. Despite these short-term challenges, the company maintains strong long-term fundamentals, including a high return on equity (ROE) of 61.93% and a low debt-to-equity ratio, which could support future recovery.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.22% over the past week and 3.00% over the past month. This indicates that Tips Music Ltd is underperforming relative to the overall market. While the company has shown impressive long-term growth, with a staggering 3981.43% increase over the past five years, the current market sentiment appears to be negative, reflected in the recent price movements. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there may be interest in the stock despite its current struggles, potentially positioning it for a rebound in the future.