Why is Tech Mahindra falling/rising?

As of 13-Aug, Tech Mahindra Ltd. is experiencing a slight decline in its stock price, currently at 1,509.35, reflecting a decrease of 0.5 points or 0.03%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this recent dip, the stock has performed positively over the past week with a return of 3.42%, while it has underperformed over the past month with a decline of 5.50%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed momentum. Positive factors include 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, which have contributed to rising investor participation, as evidenced by a significant increase in delivery volume.
In the broader market context, Tech Mahindra's recent performance contrasts with the Sensex, which has remained nearly flat over the past week with a change of -0.01%. While the stock has shown resilience in the short term, its year-to-date performance is concerning, with a decline of 11.50% compared to the Sensex's gain of 3.07%. The stock's valuation appears expensive relative to its peers, which may deter some investors despite its strong fundamentals. The company's long-term growth prospects are also questioned due to a modest annual operating profit growth rate of 6.59% over the past five years, contributing to a cautious outlook among investors.