Why is Newgen Software falling/rising?

As of 24-Sep, Newgen Software Technologies Ltd is experiencing a decline in its stock price, currently at 876.05, which reflects a decrease of 8.1 points or 0.92%. The stock has underperformed its sector by 0.26% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 4.65% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a high management efficiency indicated by a return on equity (ROE) of 19.71% and a low debt-to-equity ratio, the company has faced challenges such as flat results in its latest quarterly report, which showed a significant decline in profit before tax and operating profit margins. The stock's valuation appears expensive compared to its peers, contributing to its recent struggles.
In the broader market context, Newgen Software's short-term performance has been slightly better than the benchmark, with a 1-week return of -1.01% compared to the Sensex's -1.18%. However, over the past year, the stock has significantly underperformed, with a return of -33.75% against the benchmark's -3.77%. This stark contrast highlights the stock's ongoing difficulties, particularly as it has not only fallen more steeply than the market but has also shown a decline in investor participation, with delivery volumes dropping by 63.47% against the 5-day average. The combination of these factors suggests that while the stock has some positive attributes, the recent performance and market sentiment are leaning towards a bearish outlook.