Why is HCL Technologies falling/rising?

As of 04-Aug, HCL Technologies Ltd is experiencing a price increase, currently at 1,474.30, reflecting a rise of 22.2 or 1.53%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite a recent drop of 14.61% over the past month, the stock has outperformed the benchmark Sensex over the last week, which saw a rise of only 0.16%. The company maintains strong long-term fundamentals, with a healthy average return on equity of 22.22% and a low debt-to-equity ratio, which supports its valuation despite recent price fluctuations.
In the broader market context, HCL Technologies' recent performance contrasts with the Sensex, which has shown a slight positive return of 3.69% year-to-date, while HCL has declined by 23.15% in the same period. The stock's high institutional holdings at 34.78% suggest that knowledgeable investors are backing the company, which may provide some stability. Additionally, the stock's attractive valuation, indicated by a price-to-book value of 5.7 and a high dividend yield of 4.13%, may attract further interest despite its recent underperformance compared to the benchmark. Overall, while the stock has faced challenges, its strong fundamentals and recent price movement indicate potential for recovery.