Why is Newgen Software falling/rising?

As of 03-Jul, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 1,134.40, reflecting a decrease of 7.6 points or 0.67%. The stock has underperformed its sector by 0.47% today and has been on a downward trend for the last three days, resulting in a total decline of 3.37% during this period. Over the past week, the stock has decreased by 3.77%, and it has also shown a significant year-to-date decline of 33.29%, despite a positive return of 13.49% over the past year. The stock's recent performance is further characterized by lower delivery volumes, which have dropped by 62% compared to the five-day average, indicating reduced investor participation.
In the broader market context, the Sensex has shown a slight decline of 0.62% over the past week, which suggests that the stock's short-term performance is lagging behind the benchmark. Despite the recent downturn, Newgen Software 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 nine consecutive quarters, with significant growth in both profit after tax and net sales. However, the current market sentiment appears to be overshadowing these positive factors, contributing to the stock's recent decline.