Why is Happiest Minds falling/rising?

As of 23-Sep, Happiest Minds Technologies Ltd is experiencing a decline in its stock price, currently at 557.10, which reflects a decrease of 6.8 points or 1.21%. The stock has underperformed its sector by 0.62% today and has been on a downward trend for the last two days, accumulating a total drop of 4.03%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Over the past week, the stock has decreased by 3.08%, and year-to-date, it has fallen by 24.14%. Despite these declines, the company shows strong long-term fundamentals, with an average Return on Equity (ROE) of 21.07% and a low Debt to Equity ratio of 0.03 times, which suggests potential for recovery in the long run.
In the broader market context, the Sensex has shown a minor decline of 0.34% over the past week, contrasting with Happiest Minds' more significant drop. While the stock has struggled recently, it has seen a rise in investor participation, with delivery volume increasing by 62.93% compared to the 5-day average, indicating some interest despite the price decline. The company's net sales have also shown healthy growth, with a reported annual increase of 24.77%, which could provide a foundation for future performance. However, the stark contrast between the stock's performance and the benchmark's positive return of 5.07% year-to-date highlights the challenges the company faces in regaining investor confidence in the short term.