Why is Sonata Software falling/rising?

As of 18-Jul, Sonata Software Ltd. is experiencing a slight decline in its stock price, currently at 437.10, reflecting a decrease of 0.9 or 0.21%. The stock's performance today is in line with the sector, although it is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average. Despite a recent 1-week return of 1.64% and a 1-month return of 5.08%, the stock has faced significant declines year-to-date and over the past year, with losses of 27.27% and 37.08%, respectively. The falling investor participation, indicated by a 5% drop in delivery volume compared to the 5-day average, may also contribute to the stock's current price movement. However, the company shows strong long-term fundamentals, with an average Return on Equity (ROE) of 31.04% and a healthy annual growth rate in net sales of 22.10%, which could support its price stability in the long run.
In the broader market context, the Sensex has shown a slight decline of 0.90% over the past week, while Sonata Software's 1-week return of 1.64% indicates that it has outperformed the benchmark in the short term. This relative strength may suggest that investors are still finding value in Sonata Software despite its overall negative year-to-date performance. Additionally, the high institutional holdings at 36.61% indicate that knowledgeable investors are backing the company, which could provide some level of confidence in its future performance. However, the overall market sentiment and the company's recent price movements suggest caution among retail investors, as reflected in the declining trading volume.