Why is TCS falling/rising?

As of 12-Aug, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,035.50, which reflects a decrease of -4.85 (-0.16%). The stock has underperformed its sector by -0.44% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, TCS has seen a return of -0.87%, and its performance over the last month shows a significant drop of -7.04%. Additionally, the stock is close to its 52-week low, just 1.43% away from Rs 2,992.05. Despite the company's strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales, the stock's recent performance has been negatively impacted by a decrease in investor participation, with delivery volume falling by -16.42% against the 5-day average.
In the broader market context, TCS's short-term performance has lagged behind the benchmark Sensex, which has only declined by -0.59% over the past week. While TCS has a high dividend yield of 4.17% and strong institutional holdings at 23.48%, these factors have not been sufficient to counteract the stock's downward trend. The company's market capitalization of Rs 11,01,292 crore positions it as the largest in its sector, yet it has faced a significant year-to-date decline of -25.91%, contrasting sharply with the Sensex's gain of +2.68%. This disparity highlights the challenges TCS is facing in the current market environment, despite its solid fundamentals and attractive valuation relative to peers.