Why is SagarSoft (India falling/rising?

As of 16-Sep, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs. 133.55, which reflects a decrease of Rs. 6.25 or 4.47%. The stock has hit a new 52-week low of Rs. 130 today, marking a significant intraday drop of 7.01%. It opened with a loss of 2.15% and has underperformed its sector by 4.58%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 64.6% compared to the 5-day average, suggesting a decline in investor participation.
In the broader market context, SagarSoft's recent performance has been notably poor, with a year-to-date decline of 32.21%, while the Sensex has gained 5.43% during the same period. Over the past week, the stock has decreased by 2.70%, contrasting with the Sensex's increase of 1.58%. This underperformance highlights the stock's struggles relative to the benchmark, indicating a lack of investor confidence and a challenging market environment for SagarSoft.