Why is TCS falling/rising?

As of 08-Sep, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at 3,019.30, which reflects a decrease of 29.15 points or 0.96%. The stock has been on a downward trend, losing value for the last five consecutive days, resulting in a total decline of 3% during this period. It is also trading close to its 52-week low, just 0.9% away from Rs 2,992.05. Despite a high dividend yield of 4.17% and strong long-term fundamentals, including a robust return on equity (ROE) of 46.19% and healthy net sales growth, the stock's performance has been poor over the past year, with a return of -32.33%. The stock is currently trading below its moving averages, indicating a bearish sentiment in the market.
In the broader market context, TCS's short-term performance has been notably weaker compared to the benchmark Sensex, which has gained 0.53% over the past week while TCS has declined by 3%. This underperformance is further highlighted by its year-to-date return of -26.31% against the Sensex's positive return of 3.39%. Although there is rising investor participation with a significant increase in delivery volume, the overall market sentiment appears to be unfavorable for TCS, as evidenced by its consistent decline and the fact that it constitutes a large portion of the sector. The high institutional holdings at 23.48% suggest that informed investors are closely monitoring the stock, but the current trends indicate a challenging environment for TCS in the short term.