Why is SagarSoft (India falling/rising?

As of 03-Sep, SagarSoft (India) Ltd's stock price is currently at Rs 141.50, reflecting an increase of Rs 4.75, or 3.47%. Today, the stock opened with a significant gain of 7.79% and reached an intraday high of Rs 147.4. Despite this positive movement, the company has reported negative results for the last three consecutive quarters, with a PAT of Rs -2.40 crore, indicating a decline of 217.1%. The stock has also underperformed in the long term, with a year-to-date return of -28.17% and a one-year return of -34.22%. While there has been a rise in investor participation, with delivery volume increasing by 49.18% against the five-day average, the company's weak long-term fundamentals and negative operating profits contribute to a risky investment outlook.
In the broader market context, SagarSoft's short-term performance has outpaced the Sensex, which has seen a decline of 0.27% over the past week while SagarSoft gained 3.21%. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. This juxtaposition of short-term gains against a backdrop of significant long-term losses and operational challenges suggests that while there may be temporary optimism reflected in today's price movement, the overall market sentiment towards SagarSoft remains cautious.