Why is Sasken Technol. falling/rising?

As of 26-Sep, Sasken Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,390.80, which represents a decrease of Rs 23.0 or 1.63%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 7.55% during this period. Today's trading saw the stock reach an intraday high of Rs 1,456.05 but also dip to a low of Rs 1,385.35. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company's financial health is concerning, with a significant drop in operating profit over the last five years and a recent operating cash flow at its lowest. Furthermore, the stock is perceived as overvalued compared to its peers, which may deter investors.
In the broader market context, Sasken Technologies has underperformed against the benchmark Sensex, which has seen a decline of 2.66% over the past week compared to the stock's 7.10% drop. The IT - Software sector has also faced a downturn, falling by 2.34%. Despite a slight outperformance against its sector today, the overall sentiment remains negative, compounded by falling investor participation and low domestic mutual fund holdings, suggesting a lack of confidence in the company's future prospects. The stock's year-to-date performance shows a staggering decline of 34.40%, contrasting sharply with the Sensex's positive return of 2.93%, further highlighting the challenges faced by Sasken Technologies in the current market environment.