Why is Tata Comm falling/rising?

As of 21-Aug, Tata Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,590.50, which reflects a decrease of Rs 54.65 or 3.32%. The stock has been underperforming, having lost 5.89% over the past week and 10.37% over the past month. It has also seen a consecutive fall for the last four days, with an intraday low of Rs 1,580.6. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 55.4% compared to the 5-day average. Despite these challenges, the company maintains a high management efficiency with a return on capital employed (ROCE) of 19.60% and high institutional holdings at 31.99%, which could provide some support for the stock.
In the broader market context, Tata Communications' recent performance contrasts sharply with the Sensex, which has gained 1.74% over the past week and is up 4.94% year-to-date. This divergence highlights the stock's struggle relative to the overall market. While the stock has generated a negative return of 15.62% over the past year, its profits have increased by 1.8%, suggesting that the decline may not be entirely reflective of the company's fundamentals. The stock is currently trading at a discount compared to its peers' average historical valuations, which may attract some investors looking for value, but the recent negative momentum and falling investor interest are significant factors contributing to its current downward trajectory.