Why is SagarSoft (India falling/rising?

As of 25-Aug, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs 138.00, which reflects a decrease of Rs 4.25 or 2.99%. The stock has been underperforming significantly, with a consecutive fall over the last three days, resulting in a total drop of 4.17%. It is also trading close to its 52-week low, just 4.13% above Rs 132.3. The stock has shown poor performance over various periods, with a year-to-date return of -29.95% and a one-year return of -37.56%. The company has reported negative results for the last three consecutive quarters, with a significant operating loss and a decline in profits, indicating weak long-term fundamental strength.
In the broader market context, SagarSoft's short-term performance contrasts sharply with the benchmark Sensex, which has gained 0.45% over the past week. While the stock has been losing value, the Sensex has shown resilience, highlighting the stock's underperformance relative to the market. Additionally, the stock's liquidity appears to be diminishing, with a notable drop in delivery volume, suggesting a lack of investor confidence. Overall, the combination of negative operating profits, poor recent performance, and declining investor participation contributes to the stock's downward trajectory.