Why is HCL Technologies falling/rising?

As of 21-Aug, HCL Technologies Ltd's stock price is currently at 1,492.85, reflecting a decrease of 3.5 points or 0.23%. The stock has underperformed its sector today by 0.36%, despite showing higher performance than its 5-day and 20-day moving averages. Over the past week, the stock has gained 0.20%, but it has seen a decline of 2.45% over the past month and a significant drop of 22.18% year-to-date. The company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 22.22% and a healthy growth rate in net sales. However, the stock is trading at a premium compared to its peers, and despite a high dividend yield of 4.01%, the recent price movement indicates a struggle to attract investor confidence.
In the broader market context, the Sensex has increased by 1.74% over the past week, contrasting with HCL Technologies' modest gain, which suggests that the stock is lagging behind the overall market performance. The stock's year-to-date performance is notably poor compared to the Sensex's gain of 4.94%, indicating a lack of momentum relative to the market. Additionally, while institutional holdings are high at 34.78%, which typically reflects confidence in the company's fundamentals, the stock's recent underperformance and negative returns over the past year may be causing concern among investors, leading to the current price decline.