Why is SagarSoft (India falling/rising?

As of 06-Oct, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs. 122.50, reflecting a decrease of Rs. 2.4 or 1.92%. The stock has hit a new 52-week low of Rs. 120 today and has underperformed its sector by 1.89%. Over the past week, the stock has fallen by 6.49%, and it has shown a significant decline of 43.55% over the past year. The company has reported negative results for the last three consecutive quarters, with operating losses and a return on capital employed (ROCE) at its lowest. This weak performance, combined with falling investor participation and trading below all key moving averages, indicates a lack of confidence among investors.
In the broader market context, while the Sensex has increased by 1.77% over the past week, SagarSoft's performance has been notably poor, highlighting a stark contrast between the stock and the benchmark index. The stock's long-term performance has also been below par, with a 37.82% decline year-to-date compared to a 4.67% gain in the Sensex. This underperformance, coupled with the company's weak long-term fundamental strength and negative operating profits, positions SagarSoft as a risky investment, further contributing to its declining stock price.