Why is TCS falling/rising?

As of 29-Jul, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at 3,056.55, reflecting a decrease of 22.5 points or 0.73%. The stock has underperformed its sector by 0.64% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 3.86% during this period. Additionally, the stock has reached a new 52-week low of Rs.3041 today. Over the past week, TCS has seen a return of -3.27%, which is significantly worse than the Sensex's decline of only -1.03%. The company's performance over the past month shows a drop of 11.23%, compared to a 3.24% decrease in the benchmark index, indicating a persistent underperformance.
In terms of broader market context, TCS's long-term fundamentals remain strong, with a high return on equity of 46.19% and a healthy growth rate in net sales. Despite the recent price decline, the company has reported positive financial results, including record operating cash flow and profit after tax. However, the stock's performance has been adversely affected by its trading below all major moving averages and a significant year-to-date decline of 25.40%, contrasting with the Sensex's gain of 4.09% in the same timeframe. The high institutional ownership at 23.48% suggests that informed investors are closely monitoring the stock, but the recent negative price movements may reflect broader market sentiments or sector-specific challenges that are impacting TCS more severely than its peers.