Why is Tech Mahindra falling/rising?

As of 23-Jul, Tech Mahindra Ltd. is experiencing a slight decline in its stock price, currently at 1,545.70, reflecting a decrease of 0.3 or 0.02%. The stock has underperformed its sector by 0.47% today, and its delivery volume has significantly decreased by 46.34% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 3.93%, and it has also seen a notable decline of 8.11% over the past month, contrasting with the Sensex, which has gained 0.11% during the same period. Despite these short-term challenges, the company has shown strong fundamentals, including a high return on equity of 16.04%, a low debt-to-equity ratio, and positive results over the last five consecutive quarters, which may support its long-term outlook.
In the broader market context, Tech Mahindra's recent performance has lagged behind the Sensex, particularly in the short term, where it has underperformed significantly over the past week and month. While the stock has a positive annual return of 3.62%, it is still down 9.37% year-to-date, contrasting with the Sensex's gain of 5.87% in the same timeframe. The high institutional holdings at 55.24% suggest that informed investors are backing the company, which could provide some stability. However, the recent underperformance and declining investor interest may be contributing to the stock's current downward movement.