Why is HCL Technologies falling/rising?

As of 24-Oct, HCL Technologies Ltd is experiencing a slight decline in its stock price, currently at 1,523.65, reflecting a decrease of 0.4 or 0.03%. Despite this minor drop, the stock has shown positive performance over the past week and month, with returns of +2.44% and +5.64%, respectively, outperforming the Sensex, which returned +0.31% and +3.05% in the same periods. The stock's performance today indicates a positive trend, having outperformed its sector by 0.28%. Additionally, the stock is trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. The rising investor participation, evidenced by a significant increase in delivery volume, and a high dividend yield of 3.94% further support the stock's attractiveness.
In the broader market context, HCL Technologies' year-to-date performance shows a decline of -20.57%, contrasting with the Sensex's gain of +7.77%, indicating that while the stock has struggled over a longer timeframe, it has recently gained traction in the short term. The company's high management efficiency, reflected in a return on equity (ROE) of 18.38%, and a low debt-to-equity ratio contribute positively to its valuation, despite the stock trading at a premium compared to its peers. Furthermore, the high institutional holdings at 34.78% suggest confidence from more knowledgeable investors, which may help stabilize the stock's price amidst its recent fluctuations.