Why is Newgen Software falling/rising?

As of 02-Sep, Newgen Software Technologies Ltd is experiencing a slight decline in its stock price, currently at 890.50, reflecting a decrease of 1.0 or 0.11%. The stock's performance today is in line with the sector, but it is trading lower than the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 66.13% against the 5-day average. Over the past week, the stock has decreased by 0.59%, while it has shown a positive return of 8.77% over the last month. However, the stock has underperformed in the year-to-date period with a staggering decline of 47.63%. Despite some positive factors such as high management efficiency and a low debt-to-equity ratio, the company has faced challenges, including flat results in its latest quarterly report and a high valuation compared to peers, which may be contributing to the recent price movement.
In the broader market context, Newgen Software's short-term performance has been better than the benchmark Sensex, which has declined by 0.78% over the past week. However, the stock's year-to-date performance is significantly worse than the market, which has seen a modest gain of 2.58%. This stark contrast highlights the stock's struggles relative to the overall market, particularly given its substantial year-to-date decline. The company's recent financial results, which indicate falling profits and a high price-to-book ratio, further exacerbate concerns among investors, leading to a cautious outlook despite some underlying strengths.