Why is HCL Technologies falling/rising?

As of 21-Jul, HCL Technologies Ltd is currently priced at 1,530.30, reflecting a decline of 18.75 points, or 1.21%. The stock has underperformed its sector by 0.71% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 5.19%, and it has seen a significant drop of 12.04% over the past month. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 33.05% against the 5-day average. Despite these challenges, the company maintains strong long-term fundamentals, evidenced by a healthy return on equity (ROE) of 22.22% and a high dividend yield of 4.65%, which may provide some support to the stock.
In the broader market context, HCL Technologies has underperformed relative to the Sensex, which has only declined by 0.06% over the past week. While the stock has generated a negative return of 4.02% over the past year, its profits have increased by 3.4%, indicating that the decline may not be reflective of its underlying financial health. The stock's premium valuation compared to peers and high institutional holdings at 34.63% suggest that there is confidence in its long-term prospects, despite the recent price drop. Overall, the combination of short-term underperformance and strong long-term fundamentals creates a complex picture for HCL Technologies as it navigates current market conditions.