Why is TCS falling/rising?

As of 28-Aug, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,096.65, reflecting a decrease of Rs 59.6 or 1.89%. The stock has shown a slight downward trend today, falling after two consecutive days of gains, and it is currently 3.38% away from its 52-week low. In terms of performance against benchmarks, TCS has returned -0.15% over the past week, while the Sensex has decreased by 2.34%. The stock's performance over the past year has been significantly negative, with a return of -31.32%, despite the company reporting a healthy growth in profits of 3.5% during the same period. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed short-term momentum.
In the broader market context, TCS's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past month with a return of +0.57% compared to the Sensex's -1.00%. The company benefits from strong long-term fundamentals, including a high return on equity of 46.19% and a low debt-to-equity ratio, which supports its valuation. Additionally, TCS has a high dividend yield of 4.02%, which may attract income-focused investors. However, the stock's significant decline over the year, coupled with a high PEG ratio of 6.4, suggests that investors may be cautious about its growth prospects despite its strong fundamentals. Overall, while TCS has solid long-term strengths, its recent price movement reflects broader market pressures and investor sentiment.