Why is Tech Mahindra falling/rising?

As of 16-Sep, Tech Mahindra Ltd. has seen its stock price rise to 1,531.50, reflecting an increase of 11.8 points or 0.78%. The stock's performance today is in line with its sector, and it is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Despite a recent decline in investor participation, with delivery volume falling by 33.03% against the 5-day average, the company benefits from high management efficiency, a low debt-to-equity ratio, and positive results over the last five quarters. However, concerns about poor long-term growth and high valuation relative to peers may weigh on investor sentiment.
In the broader market context, Tech Mahindra's short-term return of 2.38% over the past week outperforms the Sensex, which has gained 1.58% in the same period. While the stock has shown some resilience recently, it has underperformed over the longer term, with a year-to-date decline of 10.20% compared to a 5.43% increase in the benchmark index. This mixed performance suggests that while there are positive factors supporting the stock's current rise, the overall long-term outlook remains challenging, contributing to a cautious market sentiment.