Why is TCS falling/rising?

As of 29-Aug, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,084.40, which reflects a decrease of Rs 12.25 or 0.4%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total decline of 2.28%. Additionally, it is close to its 52-week low, being just 2.99% away from Rs 2,992.05. Despite outperforming its sector by 0.28% today, the stock's delivery volume has decreased by 23.65% compared to the five-day average, indicating falling investor participation. Over the past year, TCS has generated a return of -31.62%, although its profits have increased by 3.5%, suggesting that while the stock price is declining, the company's fundamentals remain relatively strong with a high dividend yield of 4.1% and a robust return on equity (ROE) of 46.19%.
In the broader market context, TCS's short-term performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month, while TCS has shown a slight increase of 1.01% and 0.91%, respectively. This indicates that TCS has been somewhat resilient compared to the overall market. However, the significant year-to-date decline of 24.72% for TCS, juxtaposed with a 2.14% gain in the Sensex, highlights the challenges the company faces in regaining investor confidence despite its strong fundamentals and high institutional holdings of 23.48%.