Why is Newgen Software falling/rising?

As of 21-Jul, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at Rs 917.05, which reflects a decrease of Rs 45.8 or 4.76%. The stock has underperformed its sector by 4.26% today and has been on a downward trend for the last three days, accumulating a total loss of 16.15% during this period. Additionally, the stock has shown significant declines over the past week and month, with returns of -14.91% and -20.58%, respectively. Despite a high management efficiency indicated by a return on equity (ROE) of 19.71% and a low debt-to-equity ratio, the company is facing challenges such as the lowest quarterly PBDIT and operating profit to net sales ratios, which contribute to its negative price movement.
In the broader market context, Newgen Software's short-term performance contrasts sharply with the Sensex, which has remained relatively stable with a negligible decline of 0.06% over the past week. While the stock has shown impressive long-term growth over three and five years, with returns of 418.99% and 911.92% respectively, its year-to-date performance is notably poor at -46.07%, compared to the Sensex's positive return of 5.20%. This significant underperformance, coupled with a high price-to-book value ratio indicating an expensive valuation relative to peers, suggests that investor sentiment is currently negative, leading to the stock's decline.