Why is Happiest Minds falling/rising?

As of 01-Jul, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at 650.70, which reflects a decrease of 7.8 points or 1.18%. The stock has underperformed its sector by 0.68% today and has seen a trend reversal after two consecutive days of gains. Despite having higher moving averages than the 5-day, 20-day, 50-day, and 100-day averages, it remains lower than the 200-day moving average. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 8.87% compared to the 5-day average. Over the past year, the stock has generated a return of -21.87%, significantly underperforming against the benchmark, which has seen a return of 5.31%.
In the broader market context, the stock's performance over the past week and month shows positive returns of 1.32% and 9.43%, respectively, while it has consistently underperformed against the benchmark over the last three years. The recent negative results reported for March 25, including a significant drop in profit before tax and profit after tax, contribute to the stock's decline. Although there is increasing participation from institutional investors, who have raised their stake by 4.2%, the overall sentiment is dampened by the company's high valuation metrics and consistent underperformance relative to its peers.