Why is HCL Technologies falling/rising?

As of 08-Sep, HCL Technologies Ltd is experiencing a decline in its stock price, currently at 1,402.40, which reflects a decrease of 18.35 or 1.29%. The stock has underperformed its sector today by 0.44% and has been on a consecutive downward trend for the last three days, resulting in a total drop of 4.4% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these challenges, the company maintains strong long-term fundamentals, evidenced by an average Return on Equity (ROE) of 22.22% and a healthy growth rate in net sales of 10.61% annually. The stock's high dividend yield of 4.23% and low debt-to-equity ratio further support its valuation, although it is trading at a premium compared to its peers.
In the broader market context, HCL Technologies has underperformed relative to the Sensex, with a 1-week return of -4.52% compared to the benchmark's gain of 0.53%. Over the past month, the stock has also declined by 4.95%, while the Sensex has increased by 1.16%. This trend continues year-to-date, where HCL Technologies has fallen by 26.90% against the Sensex's rise of 3.39%. The high institutional holdings at 34.78% suggest that knowledgeable investors are closely monitoring the company's fundamentals, which may provide some stability in the face of recent price declines.