Why is SagarSoft (India falling/rising?

As of 01-Sep, SagarSoft (India) Ltd is experiencing a price increase, currently at Rs 141.00, reflecting a rise of Rs 6.0 or 4.44%. Today, the stock opened with a significant gain of 11.04%, reaching an intraday high of Rs 149.9. However, despite this positive movement, the stock has shown a decline of 2.05% over the past month and a substantial drop of 33.29% over the last year. The company has reported negative results for the last three consecutive quarters, with a PAT of Rs -2.40 crore, indicating a severe decline in profitability. This weak long-term fundamental strength, coupled with falling investor participation, as evidenced by a 71.05% drop in delivery volume, suggests that while there may be short-term gains, the overall outlook remains concerning.
In the broader market context, SagarSoft's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.56% over the past week. Although the stock has outperformed its sector by 3.13% today, it has underperformed the BSE500 over the last three years, one year, and three months. The stock's liquidity remains adequate for trading, but the overall negative operating profits and the company's weak financial fundamentals indicate that the recent price increase may not be sustainable in the long term.