Why is Tata Inv.Corpn. falling/rising?

As of 08-Aug, Tata Investment Corporation Ltd's stock price is currently at 6,896.60, reflecting a decrease of 9.1 points or 0.13%. The stock has been experiencing a downward trend, having fallen for the last three days, resulting in a total decline of 3.37% during this period. Despite this recent drop, the stock has shown strong performance over the longer term, with a 14.21% return over the past year and an impressive 370.18% increase over the last three years. However, today's trading volume indicates a decline in investor participation, with delivery volume down by 29.77% compared to the five-day average, which may contribute to the stock's recent price movement. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term outlook despite the recent short-term decline.
In the broader market context, Tata Investment Corporation has outperformed the Sensex in the short term, with a 1-week return of 1.74% compared to the benchmark's decline of 0.92%. This indicates that while the stock is facing short-term challenges, it has been able to maintain a stronger performance relative to the market. The company's strong long-term fundamentals, characterized by a 20.10% CAGR growth in operating profits, further support its resilience. Despite the recent price drop, the stock's consistent returns over the last three years and its ability to outperform the BSE500 in each of the last three annual periods highlight its potential for recovery and continued investor interest in the long run.