Why is TCS falling/rising?

As of 18-Jul, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,189.85, which reflects a decrease of Rs 18.65 or 0.58%. The stock has underperformed its sector by 0.48% today and has been on a downward trend, losing value for the last three days with a total decline of 1.91%. Additionally, the stock is trading below all key moving averages and is close to its 52-week low, being just 4.06% away from Rs 3,060.25. Over the past month, TCS has seen a significant drop of 7.60%, while its year-to-date performance shows a decline of 22.15%. Despite these negative movements, the company maintains strong long-term fundamentals, with a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales.
In the broader market context, TCS's recent performance contrasts sharply with the Sensex, which has gained 4.63% year-to-date. The stock's short-term return of -2.31% over the past week also underperforms the benchmark's decline of only 0.90%. While TCS has a high dividend yield of 4.27% and strong institutional holdings at 23.6%, these factors have not been sufficient to counteract the recent price declines. The company's positive financial results, including record operating cash flow and profit after tax, suggest underlying strength; however, the current market sentiment appears to be weighing heavily on the stock's performance.