Why is Sonata Software falling/rising?

As of 28-Aug, Sonata Software Ltd. is experiencing a decline in its stock price, currently at 360.15, which reflects a decrease of 4.55 (-1.25%). The stock has been on a downward trend, having fallen for the last two days, resulting in a total drop of 5.6% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock's performance over the past week shows a decline of 4.47%, and over the past month, it has decreased by 11.73%. Despite these declines, the company maintains strong long-term fundamentals, with a healthy average return on equity of 31.04% and a low debt-to-equity ratio. However, the stock's profits have fallen by 8.6% over the past year, contributing to its negative return of 42.47%.
In the broader market context, Sonata Software's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 2.34% over the past week and 1.00% over the past month. This indicates that Sonata is underperforming relative to the market. The stock's liquidity remains adequate, with a delivery volume of 5.48 lacs, although this has decreased by 3.79% compared to the 5-day average. The high institutional holdings at 35.24% suggest that knowledgeable investors are involved, but the overall market sentiment appears to be weighing heavily on the stock's price, leading to its current downward trajectory.