Why is HCL Technologies falling/rising?

As of 04-September, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,443.15, which represents a decrease of 23.75 or 1.62%. The stock has underperformed its sector by 0.82% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown negative returns over various periods, including a 1-week decline of 0.46% and a year-to-date drop of 24.77%. The delivery volume has also decreased significantly, falling by 33.11% against the 5-day average, indicating reduced investor participation. Despite these challenges, the company maintains strong long-term fundamentals, with a healthy return on equity and a high dividend yield of 4.2%, which may provide some support for the stock.
In the broader market context, HCL Technologies' recent performance contrasts with the Sensex, which has gained 0.80% over the past week. While the stock has faced a decline, the benchmark index has shown resilience, reflecting a more favorable market environment for other stocks. The company's long-term growth potential, evidenced by a consistent increase in net sales and strong institutional holdings, suggests that while the stock is currently under pressure, it may have the fundamentals to recover in the future. However, the significant year-to-date decline and underperformance relative to the benchmark indicate that investor sentiment remains cautious at this time.