Why is Tata Inv.Corpn. falling/rising?

As of 12-Jun, Tata Investment Corporation Ltd's stock price is currently at Rs 6,894.10, reflecting a decline of Rs 276.35 or 3.85%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.06%. Today's performance indicates that it has underperformed its sector by 2.39%, with an intraday low of Rs 6,868. Despite trading above its moving averages, the stock has seen a decrease in investor participation, with delivery volume down by 2.72% compared to the five-day average. While the company has demonstrated strong long-term fundamental strength with a 20.48% CAGR growth in operating profits, recent negative results, including a significant drop in net sales and profits, have contributed to the stock's decline.
In the broader market context, Tata Investment Corporation's short-term return of 3.83% over the past week outperforms the Sensex, which has only gained 0.31%. However, the stock's year-to-date return of 1.03% lags behind the Sensex's 4.55%. The negative sentiment surrounding the stock is compounded by its expensive valuation and low domestic mutual fund holdings, which may indicate a lack of confidence among institutional investors. Despite consistent returns over the past three years, the recent financial performance, including a notable decline in profits, has raised concerns, leading to the current downward pressure on the stock price.