Why is Newgen Software falling/rising?

As of 04-Sep, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 899.95, which reflects a decrease of 6.85 or 0.76%. The stock has shown mixed performance recently, with a slight drop of 0.16% over the past week, while it has gained 7.97% over the last month. Today's price summary indicates that the stock reached an intraday high of Rs 925, but it is trading lower than its 50-day, 100-day, and 200-day moving averages, despite being above the 5-day and 20-day averages. The company has demonstrated high management efficiency with a return on equity (ROE) of 19.71% and a low debt-to-equity ratio, but it has faced challenges, including flat results in June and a high price-to-book value ratio, which suggests it may be overvalued compared to its peers.
In the broader market context, Newgen Software has underperformed relative to the benchmark, with a year-to-date return of -47.08% compared to the Sensex's gain of 3.30%. This significant underperformance is compounded by the company's recent financial results, which showed a decline in profit before tax and operating profit margins. Although there has been rising investor participation, as evidenced by increased delivery volume, the overall sentiment remains cautious due to the company's expensive valuation and the negative returns it has generated over the past year, which are substantially worse than the broader market's performance.