Why is Newgen Software falling/rising?

As of 23-Jun, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 1,152.40, which reflects a decrease of 2.3 or 0.2%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 7.17% over the past week. It opened today with a loss of 2.42% and reached an intraday low of Rs 1126.8. Despite this recent downturn, the stock has shown strong performance over the long term, with a remarkable 529.73% increase over the past three years and consistent positive results over the last nine quarters, including a 20.89% growth in PAT. The company maintains a low debt-to-equity ratio and high return on capital employed, which supports its long-term fundamental strength.
In the broader market context, Newgen Software's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.12% over the past week. While the stock has underperformed significantly in the short term, with an 8.02% decline over the past month compared to the Sensex's 0.22% increase, it has still managed to outperform the sector by 1.24% today. The rising investor participation, indicated by a 140.58% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Overall, while Newgen Software has strong fundamentals and long-term growth potential, its recent price movement reflects short-term market pressures and investor sentiment.