Why is SagarSoft (India falling/rising?

As of 11-Sep, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs 137.60, which reflects a decrease of Rs 1.7 or 1.22%. The stock opened the day with a gain of 6.21%, reaching an intraday high of Rs 147.95, but subsequently fell to a low of Rs 132.5, indicating high volatility with a wide trading range of Rs 15.45. Over the past week, the stock has underperformed, showing a return of -1.71%, while its year-to-date performance is significantly negative at -30.15%. The company has reported negative results for the last three consecutive quarters, with a notable decline in profits and operating losses, which contributes to its weak long-term fundamental strength.
In the broader market context, SagarSoft's recent performance contrasts sharply with the Sensex, which has gained 1.03% over the past week. This underperformance is indicative of the company's struggles, as it has consistently generated negative returns compared to the benchmark, with a one-year return of -37.89% against the Sensex's slight increase of 0.03%. The falling investor participation, as evidenced by a 33.4% drop in delivery volume, further highlights the lack of confidence among investors, compounded by the company's risky profile due to negative operating profits and below-par performance in both the near and long term.