Why is TCS falling/rising?

As of 09-Sep, Tata Consultancy Services Ltd. is experiencing a price increase, with its current price at Rs 3,049.45, reflecting a change of 30.15 (1.0%) upwards. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -2.01% and a year-to-date decline of -25.57%. The stock is currently trading close to its 52-week low, just 1.88% away from Rs 2,992.05. However, it has shown signs of recovery after five consecutive days of decline, and there has been a notable increase in investor participation, with delivery volume rising by 70.87% against the 5-day average. The company maintains strong long-term fundamentals, including a high return on equity and a healthy growth rate in net sales, which may support its valuation despite recent price fluctuations.
In the broader market context, TCS's performance has lagged behind the benchmark Sensex, which has gained 1.18% over the past week. The IT sector, however, has seen a positive movement, with a gain of 2.18%, indicating a favorable environment for technology stocks. While TCS's stock has generated a significant negative return over the past year, its profits have increased by 3.5%, suggesting that the stock may be undervalued relative to its earnings potential. The high institutional holdings at 23.48% may also provide a stabilizing effect, as these investors typically have better resources to analyze the company's fundamentals. Overall, while TCS is currently rising, its long-term outlook remains cautious due to its recent performance relative to the market.