Why is HCL Technologies falling/rising?

As of 07-Aug, HCL Technologies Ltd is experiencing a price increase, currently at 1,479.05, reflecting a rise of 17.15 or 1.17%. Today's performance indicates that the stock has outperformed its sector by 0.49%. However, despite this positive movement, the stock has shown a decline of 13.53% over the past month and a year-to-date drop of 22.90%. The stock is currently trading above its 5-day moving average but below its longer-term moving averages, suggesting mixed short-term momentum. Additionally, the delivery volume has decreased by 11.46% compared to the 5-day average, indicating falling investor participation. Nevertheless, the company boasts a high dividend yield of 4.1%, strong long-term fundamentals with an average Return on Equity (ROE) of 22.22%, and a healthy growth rate in net sales.
In the broader market context, HCL Technologies has outperformed the Sensex over the past week, with a return of +0.80% compared to the benchmark's -0.69%. However, the stock's longer-term performance has lagged behind the Sensex, which has gained 3.18% year-to-date. The high institutional holdings at 34.78% suggest that knowledgeable investors are backing the stock, which may provide some stability despite its recent price declines. Overall, while the stock shows some positive indicators, such as strong fundamentals and a high dividend yield, its recent performance reflects broader challenges in the market and a decline in investor engagement.