Why is Tata Comm falling/rising?

As of 08-Sep, Tata Communications Ltd is currently priced at 1,551.20, reflecting an increase of 2.5 (0.16%). The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 81.6% compared to the 5-day average. Despite a year-to-date return of -8.94% and a one-year return of -20.21%, the company maintains high management efficiency with a return on capital employed (ROCE) of 19.60% and attractive valuation metrics, which could support its price stabilization.
In the broader market context, Tata Communications' short-term performance has underperformed the Sensex, which has gained 0.53% over the past week while Tata Communications has declined by 0.70%. This contrast highlights the challenges the stock faces in the current market environment. However, the presence of high institutional holdings at 31.99% suggests that knowledgeable investors are backing the stock, which may provide some resilience against broader market pressures. Overall, while the stock has shown a slight uptick today, its longer-term performance remains concerning compared to both its historical returns and the benchmark index.