Why is HCL Technologies falling/rising?

As of 18-Jul, HCL Technologies Ltd is currently priced at 1,549.05, reflecting an increase of 4.95 (0.32%). The stock has shown a trend reversal, gaining after nine consecutive days of decline. Despite this recent uptick, HCL Technologies has underperformed in the short term, with a 1-week return of -5.37% compared to the Sensex's -0.90%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. However, there is rising investor participation, as evidenced by an 8.03% increase in delivery volume, and the company boasts a high dividend yield of 3.89%. The fundamentals remain strong, with a healthy long-term growth rate in net sales and a solid return on equity of 22.22%, which supports the stock's valuation despite its recent price movements.
In the broader market context, HCL Technologies has faced significant challenges, with a year-to-date return of -19.25% compared to the Sensex's positive return of 4.63%. This stark contrast highlights the stock's struggles relative to the overall market. While the stock has shown resilience with a 72.06% return over three years, its recent performance indicates a disconnect with market trends. The high institutional holdings at 34.63% suggest that knowledgeable investors still see potential in the company, which may provide some stability. Overall, while the stock is experiencing a slight rise today, its longer-term performance remains concerning compared to the benchmark.