Why is HCL Technologies falling/rising?

As of 25-Jul, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,491.10, which reflects a decrease of 15.85 points or 1.05%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 2.5%. In terms of performance, HCL Technologies has seen a 3.74% drop over the past week and a significant 13.14% decrease over the last month, while it has underperformed the Sensex, which has only declined by 0.36% in the same week. Despite this, the stock has shown some positive signs, such as a 25.67% increase in delivery volume compared to the five-day average and a high dividend yield of 3.98%. The company maintains strong long-term fundamentals, with a healthy return on equity (ROE) of 22.22% and a low debt-to-equity ratio, but its recent performance has been overshadowed by a premium valuation compared to peers.
In the broader market context, HCL Technologies' short-term performance has been notably weaker than the benchmark, as indicated by its 1-week and 1-month returns compared to the Sensex. While the Sensex has only decreased by 0.36% in the past week, HCL Technologies has fallen by 3.74%, highlighting a significant underperformance. Additionally, the stock's year-to-date performance shows a decline of 22.27%, contrasting sharply with the Sensex's gain of 4.25%. This disparity suggests that while the company has strong fundamentals and institutional backing, the current market sentiment and recent price movements are negatively impacting investor confidence, leading to the stock's decline.