Why is Tata Comm falling/rising?

As of 23-Oct, Tata Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,853.90, which reflects a decrease of Rs 60.9 or 3.18%. The stock has underperformed its sector today by 1.93%, touching an intraday low of Rs 1,848, indicating a significant drop of 3.49%. Over the past week, the stock has decreased by 6.09%, although it has shown a positive return of 12.07% over the past month. Despite this recent downturn, the company has demonstrated strong management efficiency with a high Return on Capital Employed (ROCE) of 16.29% and is trading at a discount compared to its peers, suggesting attractive valuation metrics. However, the stock's delivery volume has dramatically fallen by 98.31% against the 5-day average, indicating a decline in investor participation.
In the broader market context, Tata Communications' recent performance contrasts with the Sensex, which has gained 1.30% over the past week. While the stock has shown positive returns year-to-date and over the past three years, the current decline may be attributed to falling investor interest and liquidity concerns, despite high institutional holdings at 31.99%. This suggests that while institutional investors may have confidence in the company's fundamentals, the lack of retail investor engagement could be contributing to the stock's recent price drop.