Why is HCL Technologies falling/rising?

As of 01-Aug, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,452.95, which reflects a decrease of 14.4 points or 0.98%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.54%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a drop of 2.56%, and over the past month, it has decreased by 15.44%. Despite these declines, the company maintains a strong long-term fundamental strength, with an average Return on Equity (ROE) of 22.22% and a healthy growth rate in net sales. However, the stock's recent performance has been negatively impacted by a significant drop in delivery volume, which fell by 49.34% against the 5-day average.
In the broader market context, HCL Technologies' short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.06% over the same week. The company's year-to-date performance shows a substantial drop of 24.26%, contrasting sharply with the Sensex's gain of 3.15%. While the stock has a high dividend yield of 4.09% and strong institutional holdings at 34.78%, these factors have not been sufficient to counteract the recent price declines. The stock's attractive valuation, indicated by a Price to Book Value of 5.7, suggests potential for recovery, but current market conditions and falling investor participation are contributing to its downward trend.