Why is HCL Technologies falling/rising?

As of 29-Jul, HCL Technologies Ltd's stock price is currently at 1,475.00, reflecting an increase of 7.0 points or 0.48%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, the stock is trading lower than its moving averages across various periods, indicating a generally bearish trend. Over the past week, the stock has underperformed with a return of -3.07%, and it has also seen a significant decline of 14.50% over the past month. However, the stock's delivery volume has increased by 28.95% compared to the five-day average, suggesting rising investor participation. The company boasts a high dividend yield of 4.09%, and its long-term fundamentals remain strong, with an average return on equity (ROE) of 22.22% and healthy net sales growth.
In the broader market context, HCL Technologies has underperformed the Sensex, which has only declined by 1.03% over the past week. This disparity highlights the stock's recent struggles compared to the overall market. Despite the negative short-term returns, the company maintains a high institutional holding of 34.78%, indicating confidence from larger investors who typically have more resources to analyze company fundamentals. While the stock has generated a negative return of -9.60% over the past year, its profits have increased by 3.4%, suggesting that the fundamentals may support a recovery in the long term.