Why is TCS falling/rising?

As of 03-September, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at 3,098.20, which reflects a decrease of 13.95 or 0.45%. The stock has been losing value for the last two days, with a total drop of 0.47% during this period. It is currently 3.43% away from its 52-week low, and the delivery volume has decreased significantly by 41.73% compared to the five-day average, indicating falling investor participation. Despite these challenges, the company maintains strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales of 10.27% annually. The stock also offers an attractive dividend yield of 4.09%, which may provide some support to its valuation.
In the broader market context, TCS's performance over the past week shows a decline of 1.84%, contrasting with the Sensex, which has only fallen by 0.27%. Year-to-date, TCS has underperformed significantly, with a drop of 24.38% compared to a 3.11% increase in the Sensex. This underperformance may be attributed to the stock's high institutional holdings at 23.48%, which could indicate a cautious sentiment among larger investors. Despite the recent negative price movement, the company’s strong fundamentals and high institutional backing suggest that there may be potential for recovery in the long term, although current market conditions are weighing heavily on its stock price.