Why is Happiest Minds falling/rising?

As of 30-Jun, Happiest Minds Technologies Ltd is experiencing a price increase, currently at 658.50, which reflects a rise of 7.8 or 1.2%. The stock has shown a positive trend recently, outperforming its sector by 0.94% today and achieving consecutive gains over the last two days with a total return of 2.1%. Over the past week, the stock has increased by 6.06%, and in the last month, it has risen by 10.74%. However, it is important to note that the stock has underperformed over the longer term, with a year-to-date decline of 10.33% and a one-year return of -19.49%. The company benefits from high management efficiency, evidenced 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.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 1-week return of 6.06% compared to the Sensex's 2.09%. Despite this positive short-term movement, the stock has consistently underperformed against the benchmark over the last three years, highlighting a longer-term trend of decline. The recent gains may be attributed to improved investor sentiment and institutional interest, but the stock's overall performance remains concerning due to negative financial results reported in March, including a 20.7% decline in profit after tax compared to previous quarters. This combination of short-term gains and long-term underperformance presents a complex picture for investors considering Happiest Minds Technologies Ltd.