Why is Newgen Software falling/rising?

As of 22-Sep, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 898.30, which reflects a decrease of 17.4 points or 1.9%. The stock has been on a downward trend, having fallen for the last two days with a total decline of 2.05%. Today, it opened significantly lower, down 7.01%, and reached an intraday low of Rs 851.5. Despite outperforming its sector by 0.89% today, the stock's year-to-date performance shows a substantial drop of 47.17%, and it has underperformed the market over the past year with a return of -32.06%. Factors contributing to this decline include flat results reported in June, with the lowest operating profit to net sales ratio and a high price-to-book value indicating an expensive valuation compared to peers.
Broader Market Context: In the context of the broader market, Newgen Software's short-term performance over the past week shows a gain of 1.16%, while the benchmark Sensex has only increased by 0.46%. However, the stock's long-term performance is concerning, as it has underperformed the market significantly over the past year, with a decline much steeper than the BSE500's overall negative return of -3.80%. The IT sector, in which Newgen operates, has also faced challenges, evidenced by a 2.6% drop today. Additionally, falling investor participation, as indicated by a 33.99% decrease in delivery volume, suggests waning interest among investors, further exacerbating the stock's decline.