Why is HCL Technologies falling/rising?

As of 29-Aug, HCL Technologies Ltd is currently priced at 1,455.45, reflecting an increase of 5.7 points or 0.39%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite a recent outperformance against its sector by 1.07%, the stock has experienced a decline of 1.33% over the past month and a significant drop of 24.13% year-to-date. The company maintains strong long-term fundamentals, with a healthy return on equity of 22.22% and a low debt-to-equity ratio, which supports its valuation despite recent price movements.
In the broader market context, HCL Technologies has outperformed the Sensex in the short term, with a 1-week return of -0.75% compared to the benchmark's -1.84%. This suggests that while the stock is facing challenges, it is relatively more resilient than the overall market. The high institutional holdings at 34.78% indicate confidence from larger investors, which may provide some stability. However, the falling investor participation, as evidenced by a 15.45% drop in delivery volume, raises concerns about market interest. Overall, while the stock has positive long-term growth indicators, its recent performance reflects a complex interplay of short-term volatility and underlying strength.