Why is Tech Mahindra falling/rising?

As of 22-Jul, Tech Mahindra Ltd. has experienced a slight increase in its stock price, currently at 1,546.00, reflecting a change of 2.35 (0.15%) upward. Despite this recent uptick, the stock has shown a decline of 2.73% over the past week and 8.84% over the past month, indicating a challenging short-term performance compared to the benchmark Sensex, which has only decreased by 0.47% and 0.27% in the same periods. The stock has recently reversed a three-day downward trend, and while it has outperformed its sector by 0.37%, it is trading in a narrow range and has seen a significant drop in delivery volume, suggesting reduced investor participation. Additionally, the stock's moving averages indicate mixed signals, being higher than the 100-day moving average but lower than the shorter-term averages.
In the broader market context, Tech Mahindra's year-to-date performance shows a decline of 9.35%, contrasting sharply with the Sensex's gain of 5.18%. However, the company has demonstrated strong fundamentals, including high management efficiency with a return on equity of 16.04%, a low debt-to-equity ratio, and consistent positive results over the last five quarters. These factors, along with high institutional holdings at 55.24%, suggest that while the stock is currently facing short-term challenges, its underlying financial health and institutional support may provide a foundation for future recovery.