Why is Newgen Software falling/rising?

As of 20-Jun, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,154.70, which represents a decrease of Rs 36.75 or 3.08%. The stock has underperformed its sector by 3.74% today and has been on a consecutive downward trend for the last four days, accumulating a total decline of 6.98% during this period. Additionally, the stock's performance over the past week shows a decrease of 1.47%, and over the past month, it has fallen by 14.03%, while year-to-date it has dropped 32.10%. Despite these short-term declines, the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and consistent growth in operating profit, which may support its valuation in the long run.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.59% over the past week, Newgen Software's short-term performance is notably weaker. The broader market has shown resilience with a positive return of 5.46% year-to-date, contrasting sharply with Newgen's significant decline. This disparity may reflect broader investor sentiment and market conditions, which could be impacting Newgen's stock negatively despite its strong institutional holdings and consistent returns over the past three years.