Why is SagarSoft (India falling/rising?

As of 06-Nov, SagarSoft (India) Ltd is experiencing a decline in its stock price, currently at Rs. 106.00, which represents a decrease of 3.55 (-3.24%). The stock has hit a new 52-week low today and has been underperforming its sector by 1.96%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 6.98%. 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 by 17.33% compared to the 5-day average, suggesting a drop in investor participation.
In the broader market context, SagarSoft's performance over the past week shows a decline of 4.68%, while the benchmark Sensex has only decreased by 1.30%. This indicates that SagarSoft is underperforming relative to the market. Over the last month, the stock has fallen by 11.81%, contrasting sharply with the Sensex's gain of 1.86%. Year-to-date, SagarSoft's decline of 46.19% starkly contrasts with the Sensex's increase of 6.62%, further highlighting the stock's struggles in a generally positive market environment.