Why is Tech Mahindra falling/rising?

As of 31-Jul, Tech Mahindra Ltd. is currently priced at 1,464.05, reflecting a rise of 4.05 or 0.28%. The stock has been gaining for the last three days, with a total return of 0.97% during this period, and it has outperformed its sector by 0.88%. However, despite this recent uptick, the stock is trading below its moving averages across various timeframes, indicating a potential weakness in momentum. Additionally, the stock has experienced a significant decline of 12.31% over the past month and a year-to-date drop of 14.16%. Positive factors contributing to its recent performance include a high management efficiency with a return on equity (ROE) of 16.04%, a low debt-to-equity ratio, and consistent positive results over the last five quarters, including a substantial growth in profit after tax.
In the broader market context, Tech Mahindra's short-term performance has been relatively weak compared to the benchmark, as it has underperformed the Sensex by 2.29% over the past week and by 12.31% over the past month. While the stock has shown some positive movement recently, its long-term growth prospects appear limited, with an annual operating profit growth rate of only 6.59% over the last five years. The stock is also considered expensive relative to its peers, trading at a premium with a price-to-book value of 5.2. This combination of short-term gains against a backdrop of long-term underperformance and high valuation may lead to cautious sentiment among investors.