Why is TCS falling/rising?

As of 22-Jul, Tata Consultancy Services Ltd. has a current price of Rs 3,159.75, reflecting a slight increase of 1.35 (0.04%). The stock has recently shown signs of recovery after four consecutive days of decline, outperforming its sector by 0.26%. However, it remains close to its 52-week low, just 3.15% away from Rs 3,060.25. Over the past week, the stock has decreased by 2.84%, and it has experienced a significant drop of 22.88% year-to-date, contrasting sharply with the Sensex, which has gained 5.18% during the same period. Despite these challenges, TCS has demonstrated strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales of 10.27%. The company also boasts a high dividend yield of 4.02%, which may attract investors looking for income.
In the broader market context, TCS's short-term performance has lagged behind the benchmark, with a 1-week return of -2.84% compared to the Sensex's -0.47%. This underperformance is notable given that TCS constitutes a significant portion of its sector, representing 27.72% of the industry. The stock's trading below its moving averages indicates a bearish trend, yet rising investor participation, evidenced by a 35.21% increase in delivery volume, suggests a potential shift in sentiment. Additionally, high institutional holdings at 23.6% may provide a stabilizing effect, as these investors typically have a better understanding of the company's fundamentals. Overall, while TCS faces challenges in the short term, its strong fundamentals and recent positive operating results may support a recovery in the longer term.