Why is TCS falling/rising?

As of 11-Aug, Tata Consultancy Services Ltd. is experiencing a slight increase in its stock price, currently at 3,040.35, reflecting a change of 5.85 or 0.19% upward. The stock has shown a mixed performance recently, with a narrow trading range of Rs 27.25 and a delivery volume that has risen by 15.33% against the 5-day average, indicating increased investor participation. However, the stock is still close to its 52-week low, just 1.7% away from Rs 2,992.05. Over the past week, TCS has underperformed the Sensex, with a decline of 1.12% compared to the benchmark's 0.51% drop. The stock has also faced significant declines over longer periods, with a year-to-date drop of 25.79% against the Sensex's gain of 3.15%. Despite these challenges, TCS maintains strong long-term fundamentals, including a high return on equity of 46.19%, healthy growth in net sales, and a low debt-to-equity ratio.
In the broader market context, TCS's recent performance contrasts sharply with the overall market, as indicated by its negative returns over various periods compared to the Sensex. The stock's high institutional holdings at 23.48% suggest that knowledgeable investors are backing the company, which may provide some stability. Additionally, TCS's attractive valuation, characterized by a price-to-book value of 11.6 and a high dividend yield of 4.19%, could appeal to investors looking for long-term growth potential. However, the significant year-over-year decline of 28.12% in stock price, despite a 3.5% increase in profits, indicates that market sentiment remains cautious, reflecting broader economic uncertainties that may be impacting investor confidence.