Why is Sonata Software falling/rising?

As of 08-Aug, Sonata Software Ltd. is experiencing a decline in its stock price, currently at Rs 342.85, which reflects a decrease of Rs 6.95 or 1.99%. The stock has underperformed its sector by 1.19% today, touching an intraday low of Rs 340.5. Over the past week, the stock has fallen by 6.04%, and its performance over the last month shows a significant decline of 21.83%. Additionally, Sonata Software is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a notable drop in investor participation, with delivery volume falling by 64.04% against the 5-day average. Despite strong long-term fundamentals, including a healthy average return on equity of 31.04% and a low debt-to-equity ratio, the stock has generated a return of -44.52% over the past year, with profits decreasing by 8.6%.
In the broader market context, the Sensex has only declined by 0.92% over the past week, suggesting that Sonata Software's performance is significantly lagging behind the overall market. The stock's long-term performance has also been disappointing, underperforming the BSE500 in various time frames, including the last three years and one year. This underperformance, combined with flat results reported in June and the lowest return on capital employed (ROCE) at 28.75%, contributes to a negative outlook for the stock. High institutional holdings at 35.24% indicate that larger investors are aware of the company's fundamentals, yet the overall sentiment remains cautious due to the recent poor performance metrics.