Why is TCS falling/rising?

As of 06-Aug, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,031.60, reflecting a decrease of Rs 30.55 or 1.0%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.41%. It is trading close to its 52-week low, just 1.3% away from Rs 2,992.05. Additionally, the stock has shown negative returns over various periods, including a 1-week decline of 0.72% and a year-to-date drop of 26.01%. Despite a high dividend yield of 4.15% and strong long-term fundamentals, including a robust return on equity and healthy sales growth, the stock's recent performance has been overshadowed by falling investor participation, as evidenced by a 37.26% drop in delivery volume compared to the 5-day average.
In the broader market context, TCS's short-term performance has been relatively better than the benchmark Sensex, which has declined by 1.15% over the same week. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 3.08%, indicating a significant underperformance in the longer term. The company's high institutional holdings of 23.48% suggest that informed investors are backing the stock, yet the overall market sentiment appears to be weighing heavily on TCS, contributing to its recent price decline.