Why is Tech Mahindra falling/rising?

As of 24-Jul, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,498.30, reflecting a decrease of Rs 47.4 or 3.07%. The stock has underperformed its sector by 1.56% today and has been on a downward trend for the last two days, with a total decline of 3.09% during this period. Additionally, the stock has shown negative returns over the past week and month, with declines of 4.17% and 10.64%, respectively. Despite these short-term challenges, the company has demonstrated strong management efficiency, evidenced by a high return on equity (ROE) of 16.04% and consistent positive results over the last five quarters, including a significant growth in profit after tax (PAT) of 52.55%.
In the broader market context, Tech Mahindra's recent performance contrasts sharply with the benchmark Sensex, which has remained relatively stable with a slight decline of only 0.09% over the past week. While the stock has shown strong long-term returns, such as a 45.70% increase over three years, its recent performance indicates a struggle against both market trends and sector performance. The rising investor participation, with a notable increase in delivery volume, suggests some underlying interest, but the stock's current trading below all key moving averages indicates a bearish sentiment among investors.