Why is SagarSoft (India falling/rising?

As of 15-Sep, SagarSoft (India) Ltd's stock price is currently at Rs 139.80, reflecting an increase of Rs 3.75 or 2.76%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a significant gap up of 3.64% and reached an intraday high of Rs 141. Additionally, the stock has outperformed its sector by 2.54%. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 29.04% and a one-year drop of 37.94%. There is a notable increase in investor participation, with delivery volume rising by 220.52% compared to the five-day average, indicating growing interest in the stock.
In the broader market context, SagarSoft's recent performance contrasts with the benchmark Sensex, which has gained 1.24% over the past week and 4.67% year-to-date. While the stock has shown a positive movement today, its overall returns remain negative compared to the benchmark, particularly over the longer term. The stock's current price is above its five-day moving averages but below its longer-term moving averages, suggesting mixed signals about its momentum. Overall, while today's performance is encouraging, the stock's historical underperformance relative to the market may temper investor sentiment.