Why is Sonata Software falling/rising?

As of 26-Sep, Sonata Software Ltd. is experiencing a decline in its stock price, currently at 357.50, which represents a decrease of 10.95 points or 2.97%. The stock has been underperforming, having lost 10.91% over the last six days, and it touched an intraday low of Rs 354. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past year shows a significant decline of 43.23%, while its year-to-date performance is also negative at -40.52%. Despite strong long-term fundamentals, including a healthy growth rate in net sales and low debt levels, the stock's recent performance has been adversely affected by flat results and a high valuation compared to its peers.
In the broader market context, Sonata Software's short-term return of -9.24% over the past week contrasts with the Sensex, which has declined by only 2.66%. The IT sector, in which Sonata operates, has also faced challenges, falling by 2.34%. The stock's liquidity appears to be adequate, but there has been a notable decrease in investor participation, with delivery volume dropping by 25.36% compared to the 5-day average. This combination of poor recent performance, high institutional holdings, and a lack of positive momentum in the sector contributes to the stock's downward trajectory.