Why is HCL Technologies falling/rising?

As of 12-Aug, HCL Technologies Ltd is experiencing a price increase, currently at 1,499.40, reflecting a change of 11.85 or 0.8% upward. The stock has outperformed its sector by 0.52% today and has shown a consecutive gain over the last two days, with a total return of 1.56% in this period. Despite a decline of 8.41% over the past month and a year-to-date drop of 21.84%, the stock's long-term fundamentals remain strong, evidenced by a healthy average Return on Equity (ROE) of 22.22% and a low Debt to Equity ratio. The company also boasts a high dividend yield of 4.03%, which may attract investors looking for income, and has seen rising investor participation with a notable increase in delivery volume.
In the broader market context, HCL Technologies has outperformed the Sensex in the short term, with a 1.15% gain over the past week compared to the benchmark's decline of 0.59%. This indicates that while the stock has faced challenges over longer periods, its recent performance is more favorable relative to the market. The stock's attractive valuation, supported by strong institutional holdings at 34.78%, suggests that informed investors are confident in its potential for recovery, despite its recent underperformance in the longer-term metrics.