Why is HCL Technologies falling/rising?

As of 17-Jul, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,544.10, which reflects a decrease of 18.75 or 1.2%. The stock has been on a downward trend, losing value for the last nine consecutive days and showing a total decline of 10.56% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a high dividend yield of 3.84% and rising investor participation indicated by a 35.17% increase in delivery volume, the stock's performance over the past week and month has been poor, with returns of -7.17% and -10.75%, respectively. The company has strong long-term fundamentals, including a solid average Return on Equity (ROE) of 22.22% and healthy net sales growth, but these factors have not translated into positive short-term performance.
In the broader market context, HCL Technologies' recent performance contrasts sharply with the Sensex, which has only declined by 1.12% over the past week and has shown a positive return of 0.83% over the past month. This indicates that while the overall market is experiencing relatively minor fluctuations, HCL Technologies is underperforming significantly. The stock's high institutional holdings at 34.63% suggest that knowledgeable investors are closely monitoring its fundamentals, yet the current market sentiment appears to be negative, contributing to the stock's decline. Overall, the combination of poor short-term returns relative to the benchmark and the stock's recent performance indicates a challenging environment for HCL Technologies.