Why is Happiest Minds falling/rising?

As of 15-Sep, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at 568.10, which represents a decrease of 4.4 or 0.77%. The stock has shown mixed performance in recent periods, with a 1-week return of +1.12%, but a 1-month return of -2.34%, and a year-to-date decline of -22.64%. Despite today's performance underperforming the sector by 0.3%, there has been a notable increase in investor participation, with delivery volume rising by 49.22% against the 5-day average. The company maintains strong long-term fundamentals, including a healthy average return on equity of 21.07% and significant net sales growth, which could support its valuation despite recent price declines.
Broader Market Context: In comparison to the benchmark, the Sensex has outperformed Happiest Minds in the short term, with a 1-week return of +1.24% and a 1-month return of +1.47%. This broader market strength contrasts with Happiest Minds' year-to-date decline of -22.64%, indicating that while the overall market is performing well, Happiest Minds is struggling to keep pace. The company's low debt-to-equity ratio and strong sales figures suggest potential for recovery, but the current market sentiment appears to be weighing on its stock price.