Why is SagarSoft (India falling/rising?

As of 29-Aug, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs 135.00, which represents a decrease of Rs 6.7 or 4.73%. The stock has shown significant volatility today, opening with a gain of 5.12% but later touching an intraday low of Rs 133.2, reflecting a wide trading range of Rs 15.75. Over the past week, the stock has underperformed, with a return of -5.10%, and it is currently trading below all key moving averages. Additionally, the company has reported negative results for the last three consecutive quarters, with a significant drop in profits and operating losses, contributing to a weak long-term fundamental strength.
In the broader market context, SagarSoft's performance has been notably poorer than the benchmark, with a year-to-date return of -31.47% compared to a positive return of 2.14% for the Sensex. This underperformance is further highlighted by the stock's decline of -36.02% over the past year, while the benchmark has only decreased by -2.83%. The falling investor participation, as indicated by a 49.16% drop in delivery volume, along with the company's ongoing operational challenges, suggests a lack of confidence among investors, reinforcing the stock's downward trend in the current market environment.