Why is Tech Mahindra falling/rising?

As of 11-Aug, Tech Mahindra Ltd. is experiencing a slight increase in its stock price, currently at 1,482.50, with a change of 0.9 (0.06%) upwards. The stock's performance today is in line with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in investor participation, as evidenced by a 30.15% drop in delivery volume compared to the 5-day average, the company boasts a high dividend yield of 3.04% and strong management efficiency with a return on equity (ROE) of 16.04%. Additionally, Tech Mahindra has shown positive results over the last five consecutive quarters, with significant growth in profit after tax (PAT) and a high debtors turnover ratio. However, concerns about poor long-term growth and high valuation compared to peers may weigh on investor sentiment.
In the broader market context, Tech Mahindra's short-term return of +0.48% over the past week contrasts with the Sensex, which has declined by 0.51%. While the stock has underperformed over the longer term, with a year-to-date return of -13.08% compared to the Sensex's +3.15%, its recent performance suggests some resilience in the face of broader market challenges. The high institutional holdings at 55.58% indicate that more sophisticated investors are backing the stock, which may provide some stability despite the mixed signals regarding its long-term growth potential.