Why is HCL Technologies falling/rising?

As of 28-Aug, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,449.75, which reflects a decrease of 42.5 points or 2.85%. The stock has underperformed its sector today by 1.11% and has been on a downward trend for the last two days, accumulating a total loss of 3.65%. Additionally, it has touched an intraday low of Rs 1446.3. The stock's performance over the past week shows a decline of 2.89%, and it has also underperformed the benchmark Sensex, which has decreased by 2.34% over the same period. Despite a high dividend yield of 4.02% and strong long-term fundamentals, including a healthy return on equity and low debt-to-equity ratio, the stock's recent performance indicates a struggle against market pressures.
In the broader market context, HCL Technologies' short-term performance has been weaker than the benchmark, as evidenced by its 1-week return of -2.89% compared to the Sensex's -2.34%. This underperformance may be attributed to the stock trading below its moving averages across various time frames, indicating bearish momentum. While the company has shown strong long-term growth and high institutional holdings, these factors have not been sufficient to counteract the recent price decline. The overall market sentiment appears to be affecting investor confidence, leading to the stock's current downward trajectory despite its solid fundamentals.