Why is Tata Comm falling/rising?

As of 22-Aug, Tata Communications Ltd is currently priced at 1,609.50, reflecting an increase of 19.0 or 1.19%. The stock has shown a trend reversal by gaining after four consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 6700.75% compared to the 5-day average. Over the past year, the stock has generated a return of -16.14%, while its profits have increased by 1.8%, indicating a disconnect between stock performance and profitability. The company has a high management efficiency with a return on capital employed (ROCE) of 19.60%, and it is trading at a discount compared to its peers' average historical valuations, which may attract investors.
In the broader market context, Tata Communications' short-term performance has been underwhelming, with a 1-week return of -4.76%, while the benchmark Sensex has gained 0.88% during the same period. This underperformance is notable as the stock has lagged behind the benchmark in both the 1-month and year-to-date returns, with declines of 7.31% and 5.52%, respectively. However, the stock's high institutional holdings at 31.99% suggest that knowledgeable investors are still confident in the company's fundamentals, which could provide some support for the stock moving forward.