Why is Newgen Software falling/rising?

As of 11-Jul, Newgen Software Technologies Ltd is currently priced at Rs 1,096.00, reflecting a decrease of Rs 16.0 or 1.44%. The stock has been on a downward trend, having fallen for the last three days, resulting in a total decline of 3.14% during this period. Despite this, the stock outperformed its sector by 0.7% today. Over the past week, the stock has decreased by 3.24%, and year-to-date, it has seen a significant drop of 35.55%. However, the company has demonstrated strong fundamentals, with a low debt-to-equity ratio and consistent growth in operating profit, which may support its long-term stability despite recent price declines.
In the broader market context, the stock's performance has been notably weaker than the benchmark Sensex, which has only declined by 1.12% over the past week. The IT - Software sector, in which Newgen operates, has also experienced a downturn of 2.17%. While the stock has shown consistent returns over the past three years and high institutional holdings, the recent price movement reflects short-term challenges that may be affecting investor sentiment. The rising delivery volume indicates increased investor participation, which could be a positive sign for future performance, but the current trend suggests caution among investors.