Why is Happiest Minds falling/rising?

As of 27-Jun, Happiest Minds Technologies Ltd is experiencing a price increase, currently at Rs 650.70, reflecting a rise of Rs 5.75 or 0.89%. The stock has shown a positive performance today, outperforming its sector by 1.18%, and reached an intraday high of Rs 657.9, which is a 2.01% increase. Over the past week, the stock has gained 3.20%, and over the past month, it has risen by 7.46%. However, it is important to note that the stock has underperformed significantly over the longer term, with a year-to-date decline of 11.40% and a one-year drop of 20.20%. Positive factors contributing to the recent rise include high management efficiency, as indicated by a return on equity (ROE) of 21.07%, and a low debt-to-equity ratio of 0.03. Additionally, there has been an increase in institutional investor participation, with a 4.2% rise in their stake over the previous quarter.
In the broader market context, the stock's short-term performance has outpaced the benchmark, as the Sensex has only increased by 2.00% over the past week and 3.07% over the past month. However, the stock's longer-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with a significant decline of 25.90% compared to the Sensex's 58.12% gain during the same period. Despite the recent uptick in price, the overall trend indicates that the stock has faced challenges, including negative quarterly results and a high price-to-book value ratio, which may contribute to investor caution moving forward.