Why is HCL Technologies falling/rising?

As of 15-Jul, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,566.35, which reflects a decrease of 47.65 points or 2.95%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 9.28% during this period. It has also underperformed its sector by 3.33% today. The stock has touched an intraday low of Rs 1550.5 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, there is a notable increase in investor participation, with delivery volume rising by 44.89% against the 5-day average. The company maintains strong long-term fundamentals, with a healthy return on equity (ROE) of 22.22% and a high dividend yield of 3.72%, which could provide some support for the stock.
In the broader market context, HCL Technologies has seen a significant decline of 18.35% year-to-date, while the benchmark Sensex has increased by 5.67% during the same period. Over the past week, the stock has underperformed the Sensex, which fell by only 1.36%. This stark contrast highlights the stock's recent struggles relative to the market. While the company has a solid long-term growth outlook, as evidenced by a 10.62% annual growth rate in net sales and a low debt-to-equity ratio, the current market sentiment appears to be weighing heavily on its stock price. The high institutional holdings at 34.63% suggest that informed investors are closely monitoring the company's fundamentals, but the recent price movements indicate a lack of confidence in the stock's short-term performance.