Why is HCL Technologies falling/rising?

As of 30-Jul, HCL Technologies Ltd is currently priced at 1,475.75, reflecting a slight increase of 0.75 or 0.05%. The stock has been gaining for the last two days, showing a return of 0.53% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a year-to-date decline of 23.07%, the company maintains strong long-term fundamentals, with a healthy return on equity of 22.22% and a low debt-to-equity ratio. The high dividend yield of 4.07% and increased investor participation, evidenced by an 86.05% rise in delivery volume, suggest some positive sentiment around the stock.
In the broader market context, HCL Technologies has underperformed compared to the Sensex, with a 1-week return of -3.51% versus the benchmark's -1.50%. This underperformance is notable given the stock's long-term growth potential, as indicated by a 55.55% return over the past three years, which surpasses the Sensex's 41.53%. The stock's attractive valuation, despite recent declines, and high institutional holdings at 34.78% may provide some support against broader market fluctuations, but the current short-term performance indicates a challenging environment for the stock relative to its peers.