Why is Happiest Minds falling/rising?

As of 02-Sep, Happiest Minds Technologies Ltd is currently priced at 572.50, reflecting an increase of 5.5, or 0.97%. The stock has been gaining for the last two days, with a total return of 1.33% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Additionally, the stock has underperformed against the benchmark, with a 1-week return of -1.74% compared to the Sensex's -0.78%. Despite these challenges, the company demonstrates strong long-term fundamentals, including a healthy average return on equity of 21.07% and a low debt-to-equity ratio of 0.03 times, which may provide some support for its stock price.
In the broader market context, while Happiest Minds has experienced a decline of 22.05% year-to-date, the Sensex has increased by 2.58% during the same period, highlighting a significant underperformance relative to the market. The stock's recent price increase, despite the overall downward trend, suggests a potential short-term recovery or correction, although the falling investor participation, with a delivery volume decrease of 39.23% against the 5-day average, raises concerns about sustained interest. The company's strong net sales growth and high dividend payout ratio may attract long-term investors, but the current liquidity and performance metrics indicate caution in the short term.