Why is Sonata Software falling/rising?

As of 07-Aug, Sonata Software Ltd. is experiencing a slight increase in its stock price, currently at 349.80, reflecting a change of 2.5 or 0.72% upwards. Despite this recent uptick, the stock has shown a significant decline over the past week and month, with returns of -10.88% and -16.13%, respectively. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 47.52% against the 5-day average. While the company boasts strong long-term fundamentals, including a healthy return on equity and low debt levels, it has faced challenges with a substantial year-over-year decline in stock returns of -45.34% and a decrease in profits by -8.6%.
In the broader market context, Sonata Software's performance has been underwhelming compared to the benchmark, as it has underperformed the Sensex over the last year and three years. The Sensex has shown a positive return of 1.45% over the past year, contrasting sharply with Sonata's significant losses. This disparity highlights the stock's struggles in both the near and long term, despite its strong institutional holdings, which may provide some stability. Overall, while the recent price increase may suggest a potential trend reversal, the underlying performance metrics and market conditions indicate ongoing challenges for Sonata Software.