Why is TCS falling/rising?

As of 04-Aug, Tata Consultancy Services Ltd. has seen its stock price rise to 3,074.90, reflecting an increase of 71.9 points or 2.39%. Today's price summary indicates that the stock has outperformed its sector by 0.77% and has gained after seven consecutive days of decline, reaching an intraday high of Rs 3,080. Despite this positive movement, the stock has recently hit a new 52-week low of Rs 2,992.05. Over the past week, TCS has experienced a slight decline of 0.13%, and its performance over the last month shows a significant drop of 10.12%. However, the company maintains strong long-term fundamentals, with a high Return on Equity (ROE) of 46.19%, healthy net sales growth, and a low debt-to-equity ratio, which supports its valuation despite recent price volatility.
In the broader market context, TCS's recent performance contrasts with the Sensex, which has gained 0.16% over the past week and declined by 2.89% over the past month. While TCS has underperformed the benchmark in the longer term, with a year-to-date decline of 24.95% compared to the Sensex's gain of 3.69%, the stock's current price increase may be attributed to its attractive valuation and high dividend yield of 4.23%. Additionally, the presence of high institutional holdings at 23.48% suggests that informed investors continue to support the stock, potentially stabilizing its price amidst recent fluctuations.