Why is TCS falling/rising?

As of 21-Aug, Tata Consultancy Services Ltd. is experiencing a slight increase in its stock price, currently at 3,101.20, reflecting a change of 3.8 (0.12%) upward. The stock has shown a positive trend recently, gaining 2.96% over the last three days and is currently 3.52% away from its 52-week low. Despite a year-to-date decline of 24.31%, the company has demonstrated strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales. Additionally, the stock's high dividend yield of 4.1% and rising investor participation, indicated by a significant increase in delivery volume, contribute positively to its recent performance.
In the broader market context, TCS's short-term return of +2.62% over the past week outperformed the Sensex, which rose by 1.74%. However, the stock's longer-term performance remains weak, with a year-over-year decline of 31.87% compared to a modest gain of 1.35% for the benchmark. The company’s strong fundamentals, including low debt levels and high institutional holdings at 23.48%, suggest that it has the potential for recovery, although it still faces challenges in the current market environment.