Why is Tech Mahindra falling/rising?

As of 05-Aug, Tech Mahindra Ltd. is experiencing a price increase, currently at 1,485.25, reflecting a rise of 9.8 points or 0.66%. The stock has outperformed its sector by 1.06% today and has shown a consecutive gain over the last two days, accumulating a total return of 3.23% during this period. Despite a decline of 10.26% over the past month and a year-to-date drop of 12.92%, the company has demonstrated strong performance in recent quarters, with a notable growth in profit after tax of 52.55% over the last six months. Additionally, the stock's high dividend yield of 3.05% and rising investor participation, indicated by a 16.76% increase in delivery volume, contribute positively to its recent upward movement.
In the broader market context, Tech Mahindra's short-term return of +1.87% over the past week contrasts sharply with the Sensex, which has declined by 0.77% during the same period. This suggests that the stock is gaining traction even as the overall market faces challenges. However, it is important to note that while the company has shown strong management efficiency and positive results over the last five quarters, concerns about its long-term growth potential remain, particularly due to a relatively low operating profit growth rate and high valuation compared to peers. These factors may create a mixed outlook for investors considering the stock's future performance.