Why is Tech Mahindra falling/rising?

As of 23-Sep, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,473.00, which reflects a decrease of Rs 31.2 or 2.07%. The stock has underperformed its sector by 1.48% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.21%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite the company showing high management efficiency with a return on equity of 16.04% and a low debt-to-equity ratio, it has faced challenges with poor long-term growth, as evidenced by an annual operating profit growth rate of only 6.59% over the past five years. The stock's valuation appears expensive compared to its peers, contributing to its recent price decline.
In the broader market context, Tech Mahindra's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.82% compared to the Sensex's -0.34%. This underperformance is compounded by the stock's negative returns over the past year, where it has generated -8.38%, while the Sensex has shown a modest decline of only -3.33%. The stock's recent struggles are further highlighted by its below-par performance in both the near and long term, which has led to a lack of investor confidence despite high institutional holdings at 55.58%.