Why is Happiest Minds falling/rising?

As of 26-Aug, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at Rs 582.65, which reflects a decrease of Rs 12.35 or 2.08%. The stock has underperformed its sector by 1.58% today, having touched an intraday low of Rs 577.85, representing a drop of 2.88%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume falling by 21.07% compared to the 5-day average. Despite these negative indicators, the company maintains strong long-term fundamentals, with an average Return on Equity (ROE) of 21.07% and a healthy growth rate in net sales of 24.77% annually, which suggests potential for recovery in the future.
Broader market context data is not available for comparison against benchmark returns. However, the stock's recent performance reflects a challenging environment, as evidenced by its underperformance relative to the sector and declining investor interest. The liquidity of the stock remains adequate for trading, but the overall sentiment appears to be cautious, influenced by the recent price movements and lower delivery volumes. The company's strong fundamentals, including a low debt-to-equity ratio and consistent dividend payouts, may provide some support for the stock in the long term, but current market conditions are weighing heavily on its price.