Why is HCL Technologies falling/rising?

As of 22-Jul, HCL Technologies Ltd's stock price is currently at 1,521.70, reflecting a decrease of 8.6 points or 0.56%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.77%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 41.11% compared to the 5-day average, suggesting a decline in investor participation. Despite these challenges, the company maintains strong long-term fundamentals, with a healthy return on equity of 22.22% and a high dividend yield of 4.71%, which may provide some support for the stock.
In the broader market context, HCL Technologies has underperformed the Sensex, with a 1-week return of -2.85% compared to the benchmark's -0.47%. Over the past month, the stock has declined by 12.53%, while the Sensex has only fallen by 0.27%. This stark contrast highlights the stock's recent struggles relative to the market. Although the company has a solid long-term growth trajectory and high institutional holdings at 34.63%, the current price movement reflects short-term pressures that are affecting investor sentiment and participation.