Why is Tata Inv.Corpn. falling/rising?

As of 06-Aug, Tata Investment Corporation Ltd is experiencing a decline in its stock price, currently at 7,089.50, which reflects a decrease of 47.65 points or 0.67%. Despite this recent drop, the stock has shown strong performance over the past week and month, with returns of 5.32% and 4.98%, respectively. Today's price summary indicates that the stock has underperformed its sector by 0.41% and has experienced a trend reversal after two consecutive days of gains. However, it is noteworthy that Tata Investment Corporation is trading above its moving averages across various timeframes, and there has been a significant increase in investor participation, with delivery volume rising by 608.58% compared to the five-day average. The company has demonstrated strong long-term fundamental strength, evidenced by a 23.88% CAGR growth in operating profits and consistent returns over the last three years.
In the broader market context, Tata Investment Corporation's recent performance contrasts with the benchmark Sensex, which has declined by 1.15% over the past week, indicating that the stock has outperformed the market during this period. While the stock has shown resilience with an 18.08% return over the past year and has consistently outperformed the BSE500 in the last three annual periods, the current decline may reflect short-term market fluctuations rather than a fundamental weakness in the company's performance. Overall, the stock's strong historical returns and positive investor sentiment suggest that the recent price movement may be temporary.