Why is HCL Technologies falling/rising?

As of 20-Aug, HCL Technologies Ltd's stock price is currently at 1,496.35, reflecting an increase of 19.0 or 1.29%. Today's price summary indicates that the stock has gained after three consecutive days of decline, although it underperformed its sector by 1.14%. The stock's performance over the past week shows a slight decrease of 0.25%, and it has experienced a more significant decline of 3.40% over the past month. Despite these short-term challenges, the company demonstrates strong long-term fundamentals, with a healthy average return on equity (ROE) of 22.22% and a low debt-to-equity ratio. Additionally, the stock's attractive valuation, indicated by a 5.8 price-to-book value and a high dividend yield of 4.06%, may support its recent upward movement.
In the broader market context, HCL Technologies has underperformed compared to the Sensex, which has gained 1.64% over the past week. The company's year-to-date performance shows a notable decline of 22.00%, contrasting with the Sensex's increase of 4.76%. The falling investor participation, as evidenced by a 28.86% decrease in delivery volume, may also contribute to the stock's volatility. However, the high institutional holdings at 34.78% suggest that more knowledgeable investors are backing the company, which could provide some stability amidst the fluctuations. Overall, while the stock is currently rising, it faces significant challenges in the short term compared to the broader market.