Why is Tech Mahindra falling/rising?

As of 02-Sep, Tech Mahindra Ltd. is currently priced at 1,511.75, reflecting an increase of 5.1 points or 0.34%. The stock has been gaining for the last two days, with a total return of 1.93% during this period. Despite this recent uptick, the stock's performance over the longer term shows a decline, with a year-to-date decrease of 11.36% and a one-year drop of 8.19%. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 16.04%, and it has maintained a low debt-to-equity ratio. Additionally, Tech Mahindra has reported positive results for the last five consecutive quarters, with significant growth in profit after tax. However, concerns about its long-term growth persist, as the operating profit has only grown at an annual rate of 6.59% over the past five years, and the stock is considered expensive relative to its peers.
In the broader market context, Tech Mahindra's short-term performance contrasts with the benchmark Sensex, which has declined by 0.78% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex's gain of 2.58%. The stock's liquidity remains adequate for trading, but a notable decline in investor participation, with delivery volume falling by 19.52% against the five-day average, raises concerns about sustained interest. Overall, while recent gains may indicate some positive sentiment, the stock's long-term challenges and underperformance relative to broader market indices could be contributing to a cautious outlook among investors.