Why is Newgen Software falling/rising?

As of 10-Nov, Newgen Software Technologies Ltd is currently priced at 940.00, reflecting a decrease of 7.3 points or 0.77%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.5% over the past week. Additionally, the stock's performance today underperformed its sector by 2.16%. While the stock has shown a positive return of 7.78% over the past month, it has significantly underperformed the market over the last year, with a return of -25.05% compared to the Sensex's gain of 5.09%. The stock's delivery volume has also decreased by nearly 60% against its five-day average, indicating falling investor participation. Despite having a high return on equity (ROE) of 16.75% and low debt levels, the stock is considered expensive with a high price-to-book ratio and a PEG ratio of 3.6, which may deter potential investors.
In the broader market context, Newgen Software's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which has generated a return of 3.81% over the past year. The stock's significant decline of 44.72% year-to-date further emphasizes its struggles in comparison to the overall market, which has seen a modest gain of 6.91%. This underperformance, coupled with flat results reported in September and the stock trading at a premium relative to its peers, suggests a challenging environment for Newgen Software, leading to its current downward price movement.