Why is HCL Technologies falling/rising?

As of 05-Aug, HCL Technologies Ltd is experiencing a price increase, currently at 1,482.30, with a change of 8.0 (0.54%) upward. The stock has outperformed its sector by 0.94% today and has been gaining for the last two days, resulting in a total return of 2.08% during this period. Despite a narrow trading range of Rs 14.45, the stock is currently above its 5-day moving averages but below its longer-term moving averages. However, there has been a notable decline in investor participation, with delivery volume falling by 36.16% against the 5-day average. The company maintains a strong long-term fundamental strength, reflected in its average Return on Equity (ROE) of 22.22% and a healthy growth rate in net sales, which has increased at an annual rate of 10.61%. Additionally, HCL Technologies has a high dividend yield of 4.07%, which may attract income-focused investors.
In the broader market context, the stock's short-term performance over the past week shows a gain of 0.49%, contrasting with a decline of 0.77% in the Sensex. This indicates that HCL Technologies is performing relatively well compared to the overall market. However, over the longer term, the stock has underperformed the benchmark, with a year-to-date return of -22.73% compared to the Sensex's gain of 3.29%. The high institutional holdings at 34.78% suggest that informed investors are backing the stock, which could provide some stability despite its recent volatility. Overall, while the stock shows positive short-term momentum, its longer-term performance remains a concern relative to the broader market.