Why is Newgen Software falling/rising?

As of 25-Jun, Newgen Software Technologies Ltd is experiencing a price increase, currently at Rs 1,155.70, reflecting a rise of Rs 30.5 or 2.71%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Today, it outperformed its sector by 1.13%, with an intraday high matching its current price. Despite recent struggles, the stock has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and consistent profitability, with a return on capital employed averaging 42.96%. The company has reported positive results for the last nine consecutive quarters, with a notable growth in profit after tax and net sales, contributing to investor confidence.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined by 4.36% over the past week while the Sensex has increased by 1.61%. This underperformance in the short term highlights the stock's volatility despite its strong long-term growth metrics. However, the rising investor participation, indicated by a 33.65% increase in delivery volume, suggests a growing interest in the stock, which may help stabilize its price in the near future. Overall, while the stock has faced short-term challenges, its solid fundamentals and recent positive performance may indicate a potential for recovery.