Why is Newgen Software falling/rising?

As of 04-Jul, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 1,132.70, which represents a decrease of 1.7 or 0.15%. The stock has underperformed its sector by 0.86% today and has been on a consecutive fall for the last four days, resulting in a total decline of 3.52% during this period. Despite its strong long-term fundamentals, including a low debt-to-equity ratio and consistent profitability, the stock has shown a significant year-to-date decline of 33.39%, contrasting with a 6.77% increase in the benchmark index. Additionally, the delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the stock's downward movement.
In the broader market context, Newgen Software's short-term performance has lagged behind the benchmark, with a 1-week return of -2.19% compared to the Sensex's -0.74%. This underperformance in the short term, coupled with a substantial drop in trading volume, suggests a lack of investor confidence despite the company's strong fundamentals and positive financial results over the past quarters. The high institutional holdings at 28.48% may provide some stability, but the recent trends indicate that the stock is currently facing challenges in attracting retail investors, which is reflected in its recent price movements.