Why is Newgen Software falling/rising?

As of 13-Aug, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 856.25, which reflects a decrease of 4.7 or 0.55%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 8.88% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also significantly decreased, falling by 78.04% compared to the 5-day average, indicating a drop in investor participation. Despite some positive factors such as high management efficiency with a return on equity (ROE) of 19.71% and a low debt-to-equity ratio, the company has reported flat results, with a notable decline in profit before tax and operating profit margins, contributing to its recent price movement.
In the broader market context, Newgen Software has underperformed relative to the benchmark, with a one-week return of -8.29% compared to a negligible change in the Sensex. Over the past month, the stock has decreased by 21.88%, while the benchmark has only fallen by 2.38%. This stark contrast highlights the stock's struggles, particularly as it has generated a return of -16.76% over the past year, significantly worse than the market's decline of -0.64%. The stock's high valuation, indicated by an 8 Price to Book Value ratio, further exacerbates its challenges, as it trades at a premium compared to its peers. Overall, the combination of declining performance metrics, reduced investor interest, and unfavorable comparisons to the broader market has led to the stock's downward trajectory.