Why is SagarSoft (India falling/rising?

As of 28-Aug, SagarSoft (India) Ltd's stock price is currently at Rs 141.70, reflecting an increase of Rs 4.6 or 3.36%. Today, the stock has outperformed its sector by 3.37% and has shown a trend reversal after four consecutive days of decline. It opened with a significant gain of 15.24%, reaching an intraday high of Rs 158. However, despite this positive movement today, the stock has underperformed over the past year, with a return of -34.14%. The company has reported negative results for the last three consecutive quarters, with operating losses and a significant decline in profits, indicating weak long-term fundamental strength. This combination of factors suggests that while there may be short-term gains, the overall outlook remains concerning.
In the broader market context, SagarSoft's short-term performance contrasts with the benchmark Sensex, which has declined by 2.34% over the past week while SagarSoft has seen a slight decrease of 1.43%. This indicates that the stock's recent rise is somewhat isolated, as it has not consistently followed the broader market trends. Additionally, the company's long-term performance has been below par, with a significant drop in profits over the past year, further complicating its position in the market. Despite today's gains, the overall sentiment remains cautious due to the company's ongoing financial struggles and declining investor participation.