Why is Tips Music falling/rising?

As of 15-Oct, Tips Music Ltd's stock price is currently at Rs 502.15, reflecting a decline of Rs 26.65 or 5.04%. The stock has recently hit a new 52-week low of Rs 499.9 and has been on a downward trend, losing 8.53% over the last three days. In terms of performance, the stock has underperformed its sector by 5.09% today and has shown significant declines over various periods, including a 34.24% drop year-to-date and a 39.79% decline over the past year. Despite these challenges, the company has demonstrated strong long-term fundamentals, with a high return on equity of 61.93% and impressive growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating confidence in the company's potential.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.02% over the past week and 5.72% year-to-date. This stark contrast highlights the stock's struggles, particularly in the short term, where it has experienced a 10.03% decline over the past week. The high volatility observed today, with an intraday fluctuation of 6.04%, further underscores the stock's instability. While there is rising investor participation, as evidenced by a significant increase in delivery volume, the overall market sentiment appears to be weighing heavily on Tips Music Ltd's stock price, contributing to its recent decline.