Why is TCS falling/rising?

As of 24-Jul, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,150.15, reflecting a decrease of Rs 29.2 or 0.92%. The stock has underperformed in the short term, with a 1-week return of -1.82% and a 1-month return of -7.08%. Today's performance indicates that TCS is trading lower than all its moving averages, and it is close to its 52-week low, being only 2.85% away from Rs 3,060.25. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 38.83% against the 5-day average. Despite these challenges, TCS maintains strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales, which has increased by 10.27% annually. The company also reported positive results in June, with record operating cash flow and profit after tax, contributing to a high dividend yield of 3.99%.
In the broader market context, TCS's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.16% over the past month. The stock's year-to-date return of -23.11% starkly contrasts with the Sensex's gain of 5.18%, indicating a significant underperformance relative to the market. This divergence suggests that while the overall market may be experiencing growth, TCS is facing specific challenges that are impacting its stock price negatively. The high institutional holdings at 23.6% may provide some stability, but the current trends in trading volume and price movements indicate that investor sentiment is cautious.