Why is Tech Mahindra falling/rising?

As of 04-Sep, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at 1,500.90, which reflects a decrease of 8.9 points or 0.59%. The stock has been losing value for the last two days, with a total return of -0.72% during this period. It has traded within a narrow range of Rs 14.15 and is currently above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. Despite the company showing high management efficiency with a return on equity (ROE) of 16.04% and positive results over the last five quarters, the stock has underperformed in the long term, with a year-to-date decline of 12.00% compared to a 3.30% increase in the benchmark index.
In the broader market context, Tech Mahindra's short-term performance of +0.39% over the past week is lagging behind the Sensex, which has gained 0.80% in the same timeframe. This underperformance is compounded by a falling investor participation, as evidenced by a 6.94% drop in delivery volume against the 5-day average. Additionally, while the company has shown strong growth in profits, its long-term growth prospects appear poor, with an annual operating profit growth rate of only 6.59% over the last five years. The stock's high valuation relative to its peers, indicated by a price-to-book ratio of 5.4, further contributes to investor concerns, leading to its recent price decline.