Why is Tech Mahindra falling/rising?

As of 01-Aug, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,439.00, reflecting a decrease of Rs 25.05 or 1.71%. The stock has fallen after three consecutive days of gains, touching an intraday low of Rs 1,432.45. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 6.74% against the 5-day average, the stock's performance over the past month has been poor, with a decline of 13.81%, and it has underperformed the benchmark Sensex, which fell only 1.06% during the same period. The company has shown strong management efficiency and positive financial results over the last five quarters, but its long-term growth prospects are hindered by a low operating profit growth rate of 6.59% over the past five years and an expensive valuation compared to peers.
In the broader market context, Tech Mahindra's recent performance contrasts sharply with the benchmark, as it has generated a return of -1.56% over the past week compared to the Sensex's -1.06%. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor sentiment leaning towards selling. While the company boasts high institutional holdings and a solid financial performance, the combination of high valuation, poor long-term growth, and recent price declines suggests that investors are cautious, leading to the current downward movement in the stock price.