Why is SagarSoft (India falling/rising?

As of 13-Nov, SagarSoft (India) Ltd's stock price is currently at Rs 112.50, reflecting a decrease of Rs 2.1 or 1.83%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.41% during this period. Although the stock reached an intraday high of Rs 117.3, it also touched a low of Rs 107.05, indicating significant volatility. The stock's performance over the past week shows a gain of 5.88%, but it has underperformed over the last month with a decline of 5.46%. Year-to-date, the stock has seen a substantial drop of 42.89%, contrasting sharply with the Sensex, which has risen by 8.11%. There is a notable increase in investor participation, with delivery volume rising by 290.07% against the 5-day average, suggesting some interest despite the recent price decline.
Broader Market Context: In the short term, SagarSoft's performance has been weaker compared to the benchmark Sensex, which has gained 1.40% over the past week while SagarSoft has increased by 5.88%. However, the stock's longer-term performance remains concerning, with a year-on-year decline of 39.25% compared to the Sensex's 8.74% increase. The stock is currently trading above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The liquidity of the stock appears sufficient for trading, as it is liquid enough for a trade size of Rs 0 crore based on 2% of the 5-day average traded value. Overall, the combination of recent price declines, underperformance against benchmarks, and fluctuating investor sentiment contributes to the stock's current downward trajectory.