Why is Sonata Software falling/rising?

As of 29-Aug, Sonata Software Ltd. is experiencing a decline in its stock price, currently at Rs 351.60, which reflects a decrease of Rs 8.55 or 2.37%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.84% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The recent performance shows a significant underperformance compared to the sector, with a decline of 1.69%. Over the past week, the stock has decreased by 5.61%, and it has seen a staggering year-to-date decline of 41.50%. Despite strong long-term fundamentals, including a healthy return on equity and low debt levels, the stock's profits have fallen by 8.6% over the past year, contributing to its negative price movement.
In the broader market context, Sonata Software's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.84% over the same week. The stock's liquidity appears adequate, but there has been a significant drop in investor participation, with delivery volume decreasing by 58.47% compared to the five-day average. This lack of interest may further exacerbate the stock's downward trend. While institutional holdings remain high at 35.24%, indicating some level of confidence from larger investors, the overall sentiment appears to be negative, reflected in the stock's substantial year-over-year decline of 46.54% compared to the Sensex's minor drop of 2.83%.