Why is TCS falling/rising?

As of 10-Sep, Tata Consultancy Services Ltd. is experiencing a price increase, currently at Rs 3,110.15, reflecting a rise of Rs 60.7 or 1.99%. The stock has shown a positive performance over the last two days, gaining 3.01%, although it has underperformed its sector by 0.56%. It is currently 3.8% away from its 52-week low and is trading higher than its 5-day and 20-day moving averages, but lower than its longer-term moving averages. The company has strong long-term fundamentals, with a high return on equity (ROE) of 46.19% and a low debt-to-equity ratio, which supports its valuation. Additionally, the stock offers a high dividend yield of 4.16%, which may attract investors despite its recent underperformance over the year.
In the broader market context, TCS's short-term return of 0.39% over the past week is lower than the benchmark Sensex, which has gained 1.06% in the same period. While the IT sector has seen an overall gain of 2.56%, TCS's performance has lagged behind, indicating a potential concern among investors. The decline in delivery volume by 14.21% against the 5-day average suggests falling investor participation, which could be a factor in the stock's recent movements. Despite these challenges, the company's strong fundamentals and significant market presence, constituting 27.41% of its sector, provide a solid foundation for potential recovery in the future.