Why is Happiest Minds falling/rising?

As of 06-Oct, Happiest Minds Technologies Ltd is currently priced at 523.90, reflecting a slight increase of 0.55 or 0.11%. The stock has recently hit a new 52-week low of Rs.520.95 and has underperformed its sector by 2.07%. Despite this, there has been a trend reversal as the stock gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.26%, and it has seen a significant decline of 28.66% year-to-date. On a positive note, the company exhibits strong long-term fundamentals, with a healthy growth rate in net sales and a low debt-to-equity ratio, which may support its price stability in the long run.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.77% over the past week, Happiest Minds has underperformed significantly. The broader IT sector has gained by 2.15%, indicating a favorable market environment for technology stocks, yet Happiest Minds has not capitalized on this momentum. The rising investor participation, evidenced by a 60.95% increase in delivery volume, suggests a growing interest in the stock, which could potentially lead to a reversal in its recent downward trend. However, the overall performance metrics indicate that the stock is struggling to keep pace with both the market and its sector peers.