Why is TCS falling/rising?

As of 25-Jul, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,134.35, which reflects a decrease of Rs 15.8 or 0.5%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.42%. It is also trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.36% away from Rs 3,060.25. Despite these challenges, TCS has shown strong long-term fundamentals, including a high return on equity of 46.19% and a healthy growth rate in net sales. The company reported positive results for June, with record operating cash flow and profit after tax, which may provide some support to the stock despite its recent price drop.
In the broader market context, TCS's performance over the past week shows a decline of 1.74%, compared to a smaller drop of 0.36% in the Sensex, indicating that TCS is underperforming relative to the benchmark. Over the past month, TCS has fallen by 9.08%, while the Sensex has only decreased by 1.56%. This significant underperformance is further highlighted by TCS's year-to-date decline of 23.50%, contrasting sharply with the Sensex's gain of 4.25%. The stock's high institutional holdings at 23.48% suggest that informed investors are closely monitoring its fundamentals, which may contribute to its liquidity despite the recent price decline. Overall, while TCS has strong long-term potential, its recent price movements reflect short-term challenges and market sentiment that are currently unfavorable.