Why is HCL Technologies falling/rising?

As of 01-September, HCL Technologies Ltd's stock price is currently at 1,468.80, reflecting an increase of 13.35, or 0.92%. The stock has been gaining for the last two days, with a total return of 1.31% during this period. However, it has underperformed its sector by 0.35% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 2.38%, while it has shown a slight increase of 1.09% over the past month. Despite a year-to-date decline of 23.43%, the company maintains strong long-term fundamentals, with a healthy return on equity (ROE) of 22.22% and a low debt-to-equity ratio. The stock's attractive valuation, indicated by a price-to-book value of 5.7, along with a high dividend yield of 4.12%, suggests that it may be appealing to long-term investors.
In the broader market context, HCL Technologies has underperformed the Sensex, which has seen a decline of only 1.56% over the past week. The stock's performance contrasts with the benchmark's year-to-date increase of 2.85%. The high institutional holdings at 34.78% indicate that knowledgeable investors are backing the company, which may provide some stability. However, the overall market sentiment appears to be cautious, as reflected in the stock's recent performance against both its sector and the broader market.