Why is TCS falling/rising?

As of 22-Sep, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at Rs 3,074.05, which reflects a decrease of Rs 95.8 or 3.02%. The stock has underperformed its sector by 0.41% today and has been on a downward trend for the last two days, accumulating a total loss of 3.22%. It opened with a gap down of 3.15% and reached an intraday low of Rs 3,063.05. Over the past week, the stock has decreased by 1.20%, and year-to-date, it has fallen significantly by 24.97%. Despite the company's strong long-term fundamentals, including a high return on equity and healthy sales growth, the stock's recent performance has been negatively impacted by its trading below all key moving averages and nearing its 52-week low.
In the broader market context, TCS's recent performance contrasts with the Sensex, which has gained 0.46% over the past week. The IT sector, in which TCS operates, has also seen a decline of 2.6%. While TCS has a high institutional holding of 23.48% and a solid dividend yield of 4.01%, these factors have not been sufficient to counteract the stock's downward momentum. The company's recent financial results indicate profitability, but the stock's significant year-over-year decline of 28.27% suggests that investor sentiment remains cautious, particularly in light of the broader market trends and sector performance.