Why is Newgen Software falling/rising?

As of 27-Jun, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,158.05, which reflects a decrease of Rs 20.85 or 1.77%. Today's price summary indicates that the stock has underperformed its sector by 1.48% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 1,143, marking a drop of 3.05%. Over the past week, the stock has shown a slight increase of 0.29%, but it has underperformed significantly over the past month and year-to-date, with declines of 7.29% and 31.90%, respectively. Despite these recent challenges, the company has demonstrated strong long-term fundamentals, including a low debt-to-equity ratio and consistent growth in operating profit, which may provide some support for the stock.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 2.00% over the past week and 3.07% over the past month. This divergence highlights the stock's struggles despite its strong fundamentals and positive long-term growth indicators, such as a 19.76% return over the past year and high institutional holdings at 28.48%. The recent increase in investor participation, as evidenced by a significant rise in delivery volume, suggests that there may be underlying interest in the stock, but the current price movement reflects broader market pressures and the stock's recent performance relative to its benchmarks.