Why is HCL Technologies falling/rising?

As of 16-Jul, HCL Technologies Ltd is currently priced at 1,562.85, reflecting a decrease of 3.5 points or 0.22%. The stock has been on a downward trend, having underperformed its sector by 0.69% today and experiencing a consecutive fall over the last eight days, resulting in a total decline of 9.48%. Additionally, the stock has traded in a narrow range of Rs 13.4 and is currently below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 22.22% and a healthy growth rate in net sales of 10.61% annually. The high dividend yield of 3.83% at the current price and significant institutional holdings at 34.63% indicate some underlying strength, but these factors have not been sufficient to counteract the recent price declines.
In the broader market context, HCL Technologies has underperformed the benchmark Sensex over the past week, with a return of -6.64% compared to the Sensex's -1.08%. Over the last month, the stock has also seen a decline of 9.30%, while the Sensex has gained 1.02%. This stark contrast highlights the stock's struggles relative to the overall market performance. Despite the company's solid long-term fundamentals and attractive valuation metrics, the recent negative price movements suggest that investor sentiment may be influenced by short-term challenges, including the stock's prolonged decline and its performance relative to the benchmark.