Why is Sonata Software falling/rising?

As of 23-Sep, Sonata Software Ltd. is experiencing a decline in its stock price, currently at Rs 386.00, which reflects a decrease of Rs 6.65 or 1.69%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.67% during this period. Despite touching an intraday high of Rs 403, the stock's performance today has underperformed the sector by 1.1%. Over the past week, the stock has shown a modest gain of 1.85%, but it has significantly underperformed on a year-to-date basis with a decline of 35.77%. The company maintains strong long-term fundamentals, with a healthy average return on equity of 31.04% and a low debt-to-equity ratio, which may support its long-term growth despite the recent price drop.
In the broader market context, Sonata Software's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.34% over the past week. While the stock has outperformed the benchmark over the last month with a return of 3.62% compared to the Sensex's 0.98%, its year-over-year performance remains weak, with a decline of 39.86% against the Sensex's 3.33% drop. The rising investor participation, indicated by a 22.48% increase in delivery volume, suggests some interest in the stock, but the overall liquidity remains adequate for trading. High institutional holdings at 35.24% may also provide some stability, as these investors typically have better resources to analyze the company's fundamentals.