Why is HCL Technologies falling/rising?

As of 06-Aug, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,461.90, which reflects a decrease of 20.4 points or 1.38%. The stock has fallen after two consecutive days of gains and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 13.87% compared to the 5-day average. Over the past month, the stock has underperformed significantly, with a return of -15.33%, while the year-to-date performance shows a decline of 23.79%. Despite these challenges, the company maintains strong long-term fundamentals, including a healthy return on equity of 22.22% and a low debt-to-equity ratio, which may support its valuation in the long run.
In the broader market context, HCL Technologies' recent performance has been relatively better than the benchmark Sensex, which has declined by 1.15% over the past week. However, the stock's year-to-date performance is notably worse than the Sensex, which has gained 3.08%. The high institutional holdings at 34.78% suggest that knowledgeable investors are backing the company, which could provide some stability. Despite the current price decline, the stock offers a high dividend yield of 4.04%, indicating potential value for long-term investors. Overall, while the stock faces short-term pressures, its strong fundamentals and institutional support may position it favorably for future recovery.