Why is Happiest Minds falling/rising?

As of 24-Sep, Happiest Minds Technologies Ltd is currently priced at 551.75, reflecting a decline of 4.25, or 0.76%. The stock has been experiencing a downward trend, having fallen for the last three days, resulting in a total decrease of 4.95% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock is close to its 52-week low, just 4.84% away from Rs 525.05. Despite the company's strong long-term fundamentals, including a healthy return on equity of 21.07% and significant net sales growth, the recent performance has been disappointing, with a year-to-date decline of 24.87% compared to a 4.58% increase in the benchmark index.
In the broader market context, the stock's performance over the past week shows a decline of 3.98%, which is significantly worse than the benchmark Sensex's drop of only 1.18%. This underperformance highlights the challenges faced by Happiest Minds in the current market environment. Furthermore, the falling investor participation, evidenced by a 5.73% decrease in delivery volume, suggests a lack of confidence among investors. While the company has strong fundamentals and a low debt-to-equity ratio, the recent stock price movement indicates that these positive factors are not currently translating into market performance, leading to a cautious outlook for investors.