Why is TCS falling/rising?

As of 01-Sep, Tata Consultancy Services Ltd. is experiencing a price increase, currently at 3,112.80, reflecting a rise of 28.4 points or 0.92%. Despite this uptick, the stock has shown a mixed performance recently, with a 1-week decline of 0.89% and a year-to-date drop of 24.03%. The stock is currently 3.88% away from its 52-week low and has underperformed its sector by 0.35%. However, it has gained after two consecutive days of decline. The stock's moving averages indicate it is higher than the 5-day and 20-day averages but lower than the longer-term averages, suggesting some short-term recovery. The company benefits from strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales, which has contributed to its attractive valuation despite the recent price fluctuations.
In the broader market context, TCS's short-term performance has outperformed the benchmark Sensex over the past week, which has declined by 1.56%. The stock's high institutional holdings at 23.48% indicate confidence from larger investors, who typically have more resources to analyze company fundamentals. Additionally, TCS's high dividend yield of 4.12% may attract income-focused investors, providing some support to the stock price. However, the falling investor participation, as evidenced by a significant drop in delivery volume, could pose a challenge to sustained upward momentum. Overall, while TCS is showing signs of recovery, its long-term performance remains under pressure compared to the broader market.