Why is Newgen Software falling/rising?

As of 11-Aug, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 866.25, which reflects a decrease of 8.75 or 1.0%. The stock has been underperforming, having lost 7.82% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's performance over the past month shows a significant drop of 20.96%, while it has underperformed the sector by 1.3% today. Despite having a high management efficiency indicated by a 19.71% ROE and a low debt-to-equity ratio, the company reported flat results for June 25, with a 10.81% decline in profit before tax and the lowest operating profit to net sales ratio at 14.03%. This combination of factors has contributed to the stock's recent downward movement.
In the broader market context, Newgen Software's short-term performance contrasts sharply with the benchmark, as it has gained 3.92% over the past week while the Sensex has declined by 0.51%. However, the stock's year-to-date performance is notably poor, with a decline of 49.06% compared to a 3.15% increase in the benchmark. This underperformance is further highlighted by the stock's negative return of 15.49% over the past year, significantly worse than the market's decline of 1.85%. The high valuation, indicated by an 8.1 price-to-book ratio, and the elevated PEG ratio of 2.3 suggest that the stock is trading at a premium compared to its peers, which may deter potential investors and contribute to its falling price.