Why is TCS falling/rising?

As of 23-Sep, Tata Consultancy Services Ltd. is experiencing a decline in its stock price, currently at 3,062.35, reflecting a decrease of 11.7 points or 0.38%. The stock has been losing value for the last three days, with a total drop of 3.59% during this period. It is also trading 2.3% away from its 52-week low. In the context of benchmark returns, TCS has underperformed, showing a 1-week decline of 2.64% compared to the Sensex's drop of only 0.34%. Despite these short-term challenges, the company maintains strong long-term fundamentals, including a high return on equity (ROE) of 46.19% and a healthy growth rate in net sales. The stock's high dividend yield of 4.13% and low debt-to-equity ratio further support its valuation, although it has generated a significant return of -28.24% over the past year.
In the broader market context, TCS's recent performance contrasts with the overall market, as the Sensex has shown a positive return of 0.98% over the past month and a 5.07% increase year-to-date. This divergence indicates that while TCS faces specific challenges, the broader market is performing better. The rising investor participation, with a notable increase in delivery volume, suggests some interest in the stock despite its recent price decline. Additionally, TCS's high institutional holdings at 23.48% reflect confidence from larger investors, who typically have more resources to analyze the company's fundamentals. Overall, while TCS is currently facing downward pressure, its strong fundamentals and market position may provide a foundation for recovery in the future.