Why is Tata Inv.Corpn. falling/rising?

As of 25-Sep, Tata Investment Corporation Ltd is experiencing a decline in its stock price, currently at Rs 8,367.40, reflecting a decrease of Rs 473.85 or 5.36%. Today's price summary indicates that the stock has underperformed its sector by 4% and has fallen after two consecutive days of gains, touching an intraday low of Rs 8,327, which is a 5.82% drop. Despite this decline, the stock has shown strong performance over the past week, month, and year, with returns of 11.56%, 19.53%, and 20.71%, respectively. The company has a solid long-term fundamental strength, evidenced by a 19.68% CAGR growth in operating profits, and has consistently outperformed the BSE500 over the last three years.
In the broader market context, while Tata Investment Corporation has shown significant short-term gains compared to the benchmark Sensex, which has declined by 2.23% over the past week, the current drop in price may be attributed to profit-taking after a strong upward trend. The stock's liquidity remains healthy, with a notable increase in delivery volume, suggesting continued investor interest despite the recent price drop. Overall, while the stock has strong long-term fundamentals and has outperformed the market in various periods, the recent price movement reflects a temporary setback amid broader market fluctuations.