Why is TCS falling/rising?

As of 07-Aug, Tata Consultancy Services Ltd. is experiencing a price increase, currently at 3,047.15, reflecting a rise of 15.55 or 0.51%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement, the stock is still close to its 52-week low, just 1.81% away from Rs 2,992.05. Over the past week, TCS has outperformed the Sensex, with a return of +0.32% compared to the benchmark's -0.69%. However, the stock has underperformed over the longer term, with a year-to-date decline of -25.63% against the Sensex's +3.18%. The stock's performance is also characterized by a high dividend yield of 4.19% and strong long-term fundamentals, including a robust return on equity of 46.19% and healthy net sales growth.
Broader Market Context: The broader market context indicates that while TCS has shown some short-term resilience, it has significantly lagged behind the benchmark over the past month and year. The Sensex has gained 1.45% over the past year, contrasting sharply with TCS's decline of -27.46%. This disparity highlights the challenges TCS faces in the current market environment, despite its strong fundamentals and high institutional holdings of 23.48%. The falling investor participation, as evidenced by a 38.9% drop in delivery volume, suggests a cautious sentiment among investors, which may be contributing to the stock's volatility.