Why is SagarSoft (India falling/rising?

As of 17-Oct, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs. 113.00, which reflects a decrease of Rs. 2.35 or 2.04%. The stock has hit a new 52-week low of Rs. 112.15 today and has underperformed its sector by 1.94%. Over the past three days, the stock has consistently fallen, resulting in a total decline of 7.34%. Despite opening with a gain of 7.85% today and reaching an intraday high of Rs. 124.4, the stock's performance has been overshadowed by its overall negative returns, with a year-to-date drop of 42.64% compared to a 7.44% increase in the benchmark index. Additionally, the stock is trading below all its moving averages, indicating a bearish trend.
In the broader market context, SagarSoft's recent performance contrasts sharply with the Sensex, which has shown a positive return of 1.76% over the past week. This significant underperformance highlights the stock's struggles relative to the market. The high volatility observed today, with an intraday volatility of 5.17%, suggests that investor sentiment is uncertain. However, there has been a notable increase in investor participation, with delivery volume rising by 567.64% against the five-day average, indicating some interest despite the stock's declining price. Overall, the combination of poor recent performance, high volatility, and the stock trading below key moving averages contributes to the downward pressure on SagarSoft's stock price.