Why is Tech Mahindra falling/rising?

As of 25-Jul, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,461.80, which reflects a decrease of Rs 36.5 or 2.44%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.45% during this period. Additionally, it has underperformed its sector by 0.97% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a high dividend yield of 3% and strong management efficiency with a return on equity of 16.04%, the stock's recent performance has been negatively impacted by a significant drop in delivery volume, which fell by 32.02% against the 5-day average. In the broader market context, Tech Mahindra's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.36% over the past week, while Tech Mahindra has dropped by 5.60%. Over the past month, Tech Mahindra's stock has decreased by 14.18%, contrasting sharply with the Sensex's decline of just 1.56%. This disparity highlights the stock's struggles relative to the market. Although the company has shown positive results over the last five quarters and maintains high institutional holdings at 55.58%, these factors have not been sufficient to counteract the recent downward pressure on the stock price.