Why is Newgen Software falling/rising?

As of 09-Jul, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 1,127.15, reflecting a decrease of 4.35 points or 0.38%. Today's price summary indicates that the stock has outperformed its sector by 0.37%, despite being lower than the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has seen a return of -1.30%, and it has significantly underperformed the benchmark over the last month and year-to-date, with declines of 8.49% and 33.72%, respectively. However, the company has shown strong long-term fundamentals, with a low debt-to-equity ratio and a high return on capital employed, which may support its price in the long run. Additionally, the company has reported positive results for the last nine consecutive quarters, with a notable growth in profit after tax and net sales.
In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Newgen's decline. This suggests that while the overall market is experiencing modest gains, Newgen's performance is lagging behind, particularly in the short term. Despite this, the stock has demonstrated consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The high institutional holdings at 28.48% indicate that informed investors are backing the company, which may provide some stability amidst the current price decline.