Why is Sonata Software falling/rising?

As of 11-Aug, Sonata Software Ltd. is experiencing a decline in its stock price, currently at Rs 330.00, reflecting a decrease of Rs 12.85 or 3.75%. The stock has underperformed its sector by 4.05% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.66% during this period. Over the past week, the stock has fallen by 8.10%, and its performance over the last month shows a significant decline of 23.26%. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite the company's strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 31.04% and low debt levels, the stock has generated a return of -45.19% over the past year, with profits declining by 8.6%. This combination of poor recent performance and disappointing financial results has contributed to the stock's current downward movement.
In the broader market context, Sonata Software's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by 0.51% over the past week. This stark contrast highlights the stock's underperformance relative to the market, as it has not only fallen sharply in the short term but has also underperformed the BSE500 over various time frames, including the last three years and one year. The decline in investor participation, evidenced by a 73.94% drop in delivery volume compared to the five-day average, further suggests a lack of confidence among investors, which is exacerbating the stock's decline.