Why is Tips Music falling/rising?

As of 28-Aug, Tips Music Ltd's stock price is currently at Rs 566.45, reflecting a decrease of Rs 4.6 or 0.81%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days with a total decline of 3.17%. Despite opening with a gain of 3.28% today and reaching an intraday high of Rs 589.8, it remains close to its 52-week low, just 2.73% away from Rs 551. Over the past week, the stock has underperformed the benchmark, with a decline of 3.81% compared to the Sensex's 2.34% drop. However, it has shown strong long-term fundamentals, with a high average Return on Equity (ROE) of 61.93% and significant growth in net sales and operating profit. In the broader market context, Tips Music's performance has been notably weaker than the Sensex over the past month and year-to-date, with declines of 5.66% and 25.82%, respectively, while the Sensex has gained 2.48% year-to-date. This underperformance may be contributing to investor sentiment, despite rising delivery volumes indicating increased investor participation. The stock's liquidity remains adequate, allowing for trading despite its recent price movements. The majority ownership by promoters and the company's low debt-to-equity ratio suggest a stable foundation, yet the recent price decline reflects market reactions to its short-term performance relative to broader market trends.