Why is Sonata Software falling/rising?

As of 03-Sep, Sonata Software Ltd. is experiencing a price increase, currently trading at 361.50, which reflects a rise of 6.1 or 1.72%. The stock has shown positive momentum recently, gaining for the last three days with a total return of 2.82% during this period. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 39.85% and a one-year return of -46.38%. The stock's performance today outperformed its sector by 2.27%, although it is trading above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 57.19% against the 5-day average.
In the broader market context, Sonata Software's recent performance contrasts with the Sensex, which has seen a slight decline of 0.27% over the past week. While the stock has strong long-term fundamentals, including a healthy return on equity and low debt levels, it has faced challenges such as flat results in its latest financial report and significant underperformance compared to broader indices over the past year. The high institutional holdings at 35.24% suggest that knowledgeable investors are backing the stock, yet the overall negative sentiment from its long-term performance may be weighing on its price despite recent gains.