Why is Happiest Minds falling/rising?

As of 22-Sep, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at Rs 563.90, which reflects a decrease of Rs 16.6 or 2.86%. The stock has underperformed its sector by 0.25% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 563, marking a drop of 3.01%. Over the past week, the stock has decreased by 0.74%, and it has seen a significant decline of 23.22% year-to-date. Despite strong long-term fundamentals, including a healthy growth rate in net sales and a low debt-to-equity ratio, the stock's recent performance has been negatively impacted by its trading below all key moving averages and the overall downturn in the IT sector, which has fallen by 2.6%.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting with Happiest Minds' decline. This underperformance is evident as the stock has not only lagged behind the benchmark in the short term but also over longer periods, including a 29.48% drop over the past year compared to a slight decline of 2.82% in the Sensex. The rising investor participation, indicated by an increase in delivery volume, suggests some interest in the stock, but the overall market sentiment and sector performance appear to be weighing heavily on Happiest Minds' stock price.