Why is Happiest Minds falling/rising?

As of 11-Aug, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at Rs 577.30, which reflects a decrease of Rs 15.4 or 2.6%. The stock has underperformed its sector by 2.9% today and has been on a downward trend for the last two days, accumulating a total decline of 2.88%. Over the past week, the stock has fallen by 3.37%, and it has also seen significant declines over longer periods, with a year-to-date drop of 21.39% and a one-year decline of 25.65%. The stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume dropping by 32.51% compared to the five-day average.
In the broader market context, the stock's performance has been considerably weaker than the benchmark Sensex, which has shown a slight increase of 3.15% year-to-date. This stark contrast highlights the challenges faced by Happiest Minds, despite its strong long-term fundamentals, such as a healthy return on equity of 21.07% and significant net sales growth. While the company maintains a low debt-to-equity ratio and has achieved record net sales and dividends, these positive factors have not been enough to counteract the negative sentiment reflected in the stock's recent performance and declining investor interest.