Why is Sonata Software falling/rising?

As of 02-Sep, Sonata Software Ltd. is currently priced at 355.40, reflecting an increase of 1.45 or 0.41%. The stock has shown a positive performance today, outperforming its sector by 0.34% and achieving consecutive gains over the last two days with a total return of 1.08%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a general downtrend. The stock has experienced a significant decline over the past year, with a return of -46.56%, and has also underperformed against the BSE500 index in various time frames. Despite its strong long-term fundamentals, including a healthy return on equity and low debt-to-equity ratio, the stock's profits have fallen by 8.6%, contributing to its recent struggles.
In the broader market context, Sonata Software's short-term performance has been relatively weak, with a 1-week return of -2.55% compared to a slight decline of -0.78% in the Sensex. This indicates that while the stock has gained slightly today, it has been underperforming the market overall. The decline in investor participation, as evidenced by a drop in delivery volume, further suggests a lack of confidence among investors. Additionally, the stock's flat results in recent earnings reports and its below-par performance in both the near and long term have raised concerns, leading to a cautious outlook among investors despite the presence of high institutional holdings.