Why is Newgen Software falling/rising?

As of 23-Jul, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at Rs 883.85, reflecting a decrease of Rs 31.15 or 3.4%. The stock has been underperforming significantly, with a consecutive fall over the last five days, resulting in a total drop of 19.19% during this period. Today's trading saw the stock touch an intraday low of Rs 868.35, indicating a 5.1% decrease. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable decline in investor participation, with delivery volume dropping by 17.68% compared to the 5-day average. Despite some positive factors such as high management efficiency and low debt levels, the company is facing challenges with its lowest quarterly operating profit margins and a high valuation compared to peers, contributing to the stock's recent downturn.
In the broader market context, Newgen Software's performance has been significantly weaker than the benchmark, with a 1-week return of -19.19% compared to the Sensex's slight gain of 0.11%. Over the past year, while the stock has generated a negative return of -17.03%, the broader market has seen a modest increase of 2.86%. This underperformance highlights the stock's struggle to keep pace with market trends, further exacerbated by its expensive valuation metrics and lower profitability ratios. Overall, the combination of declining investor interest, poor recent performance, and unfavorable comparisons to market benchmarks are driving the stock's price down.