Why is Tech Mahindra falling/rising?

As of 05-Sep, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at 1,479.40, which reflects a decrease of 21.5 points or 1.43%. The stock has been on a downward trend, losing value for the last three consecutive days and showing a total decline of 2.14% during this period. It has also touched an intraday low of Rs 1,463.45. The stock is trading below its moving averages across various time frames, indicating weakness. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.75% compared to the five-day average. While the company boasts a high management efficiency with a return on equity of 16.04% and has shown positive financial results over the last five quarters, the stock's long-term growth prospects appear poor, with an operating profit growth rate of only 6.59% over the past five years.
In the broader market context, Tech Mahindra's short-term performance has been underwhelming compared to the benchmark Sensex, which has gained 1.13% over the past week while Tech Mahindra has lost 0.13%. This underperformance is further highlighted by the stock's year-to-date return of -13.26%, contrasting sharply with the Sensex's gain of 3.29%. The stock's valuation is considered expensive relative to its peers, and despite high institutional holdings at 55.58%, which typically indicates confidence from knowledgeable investors, the stock has struggled to generate positive returns in both the near and long term. Overall, the combination of declining investor interest, poor short-term performance relative to the market, and concerns over long-term growth potential are contributing to the stock's current downward trajectory.