Why is Happiest Minds falling/rising?

As of 25-Jun, Happiest Minds Technologies Ltd is currently priced at 650.45, reflecting an increase of 8.2, or 1.28%. The stock has shown a positive trend recently, gaining 4.77% over the last two days, although it has underperformed its sector by 0.3%. In terms of returns, the stock has increased by 8.13% over the past month, but it has significantly lagged behind the benchmark, with a year-to-date decline of 11.43% compared to a 5.91% increase in the Sensex. Positive factors contributing to the stock's recent rise include high management efficiency indicated by a return on equity (ROE) of 21.07% and a low debt-to-equity ratio of 0.03. Additionally, there has been increasing participation from institutional investors, who have raised their stake by 4.2% in the last quarter, suggesting a more favorable outlook from those with greater analytical resources. However, the stock's performance is tempered by negative results from March 25, where profit before tax and profit after tax fell significantly compared to previous quarters, and a consistent underperformance against benchmarks over the last three years.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.61% over the past week and 5.91% year-to-date. While Happiest Minds has shown some short-term recovery, its long-term performance remains concerning, with a 21.67% decline over the past year and a 25.07% drop over the last three years. This consistent underperformance highlights the challenges the company faces in maintaining investor confidence, despite recent gains and institutional interest. The liquidity of the stock remains adequate for trading, but the falling delivery volume indicates a potential decrease in retail investor participation, which could impact future price movements.