Why is TCS falling/rising?

As of 23-Jul, Tata Consultancy Services Ltd. is currently priced at 3,179.35, reflecting an increase of 19.6 or 0.62%. The stock has been gaining for the last two days, with a total return of 0.66% during this period. However, it is important to note that the stock has underperformed in the longer term, with a year-to-date decline of 22.40% and a one-year return of -26.10%. The stock is trading 3.75% away from its 52-week low and is currently below all key moving averages. Despite these challenges, the company shows strong long-term fundamentals, including a high return on equity (ROE) of 46.19%, healthy net sales growth, and a high dividend yield of 4.02%, which may attract investors.
In the broader market context, TCS's short-term performance contrasts with the Sensex, which has seen a slight increase of 0.11% over the past week. While TCS has experienced a decline of 1.64% in the same timeframe, the rising investor participation, indicated by a 7.14% increase in delivery volume, suggests a potential shift in sentiment. The company's strong fundamentals, including high institutional holdings at 23.6% and attractive valuations compared to peers, may provide a buffer against its recent price declines and could support future recovery.