Why is Tech Mahindra falling/rising?

As of 17-Jul, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,563.50, which reflects a decrease of Rs 45.5 or 2.83%. The stock has underperformed its sector by 1.7% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 1,561, indicating a significant drop of 2.98%. Over the past week, the stock has decreased by 2.29%, and over the last month, it has fallen by 8.92%, contrasting with a positive return of 3.15% over the past year. Despite these declines, the company has shown strong fundamentals, including a high return on equity (ROE) of 16.04% and a low debt-to-equity ratio, which supports its valuation. The stock is trading at a premium compared to its peers, and it has a high dividend yield of 4.53%, which may attract long-term investors.
In the broader market context, Tech Mahindra's recent performance has been weaker than the benchmark Sensex, which has gained 0.83% over the past month while Tech Mahindra has lost 8.92%. This underperformance may be contributing to the stock's downward pressure. Additionally, the stock's moving averages indicate a mixed trend, being higher than the 100-day moving average but lower than the shorter-term averages, suggesting volatility. The rising investor participation, with an increase in delivery volume, may provide some support, but the overall market sentiment appears to be cautious, reflected in the stock's recent price movements.