Why is Sonata Software falling/rising?

As of 22-Aug, Sonata Software Ltd. is experiencing a decline in its stock price, currently at Rs 372.50, which reflects a decrease of Rs 4.5 or 1.19%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 368.4. In terms of performance, the stock has shown a 3.43% increase over the past week, but it has significantly underperformed over the longer term, with a 13.54% decline in the last month and a staggering 40.67% drop over the past year. Despite having strong long-term fundamentals, including a healthy average Return on Equity (ROE) of 31.04% and low debt levels, the stock's recent performance has been negatively impacted by flat results in June, rising raw material costs, and a decrease in operating profit margins.
In the broader market context, the Sensex has shown a modest gain of 0.88% over the past week, contrasting with Sonata Software's short-term performance. While the stock's recent performance aligns with sector trends, the overall returns indicate a concerning underperformance compared to the benchmark indices over various time frames. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a decrease in delivery volume, suggests waning interest among investors. This combination of factors contributes to the stock's current downward trajectory, as it struggles to regain momentum amidst a challenging market environment.