Why is Happiest Minds falling/rising?

As of 01-Sep, Happiest Minds Technologies Ltd is currently priced at 567.00, reflecting an increase of 2.0 (0.35%). The stock has recently shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. The stock has underperformed its sector by 0.92% today, and its delivery volume has significantly decreased by 63.74% compared to the 5-day average, suggesting falling investor participation. Despite these challenges, the company maintains strong long-term fundamentals, with a healthy average Return on Equity (ROE) of 21.07% and a low Debt to Equity ratio of 0.03 times, which could support future price stability.
In the broader market context, Happiest Minds has underperformed the benchmark Sensex over various periods, including a 1-week decline of 4.71% compared to the Sensex's 1.56% drop, and a year-to-date decline of 22.79% against the Sensex's gain of 2.85%. This underperformance highlights the stock's struggles relative to the market. Despite the recent price increase, the overall trend and investor sentiment appear cautious, influenced by the stock's significant declines over the past year and three years, where it has dropped by 30.03% and 45.01%, respectively.