Why is TCS falling/rising?

As of 11-Sep, Tata Consultancy Services Ltd. is experiencing a slight increase in its stock price, currently at 3,123.95, reflecting a change of 13.8 points or 0.44% upward. The stock has shown a positive performance recently, gaining 3.47% over the last three days and outperforming its sector by 0.78% today. However, it remains 4.22% away from its 52-week low and has traded within a narrow range of Rs 28.15. Despite this recent uptick, the stock's year-to-date performance is down by 23.75%, and it has underperformed significantly over the past year with a decline of 30.46%. The company maintains strong long-term fundamentals, evidenced by a high return on equity of 46.19% and healthy growth in net sales, but it has also seen a decrease in investor participation, with delivery volume falling by 19.15% against the five-day average.
In the broader market context, TCS's short-term return of 0.91% over the past week is slightly below the benchmark Sensex, which has increased by 1.03% in the same period. This indicates that while TCS is gaining, it is not keeping pace with the overall market. The company benefits from high institutional holdings at 23.48%, which can provide stability and confidence among investors. Additionally, TCS's attractive valuation, with a price-to-book value of 11.9 and a high dividend yield of 4.09%, may support its stock price in the long run, despite the recent volatility and underperformance compared to the broader market.