Why is Happiest Minds falling/rising?

As of 13-Aug, Happiest Minds Technologies Ltd is experiencing a slight increase in its stock price, currently at 580.00, reflecting a change of 0.55 or 0.09% upward. The stock has shown a consecutive gain over the last two days, rising by 0.47% during this period. However, it is trading below its moving averages across various time frames, indicating a potential struggle to maintain upward momentum. Additionally, the delivery volume has decreased significantly, falling by 22.43% against the five-day average, which suggests a decline in investor participation. Despite these challenges, the company boasts strong long-term fundamentals, with a healthy return on equity of 21.07% and impressive net sales growth of 24.77% annually, which may support its stock price in the long run.
In the broader market context, Happiest Minds has underperformed compared to the Sensex, with a one-week return of -2.04% against a negligible change of -0.01% for the benchmark. Over the past month, the stock has declined by 7.74%, while the Sensex has only dropped by 2.38%. This trend continues into the year-to-date and one-year comparisons, where the stock is down 21.02% and 23.14%, respectively, while the Sensex has gained 3.07% and 2.01%. The significant underperformance over these periods highlights the challenges faced by Happiest Minds in the current market environment, despite its strong fundamentals.