Why is Tracxn Technolo. falling/rising?

As of 11-Jul, Tracxn Technologies Ltd's stock price is currently at Rs 60.73, reflecting a decrease of Rs 1.31 or 2.11%. Today's price summary indicates that the stock has fallen after two consecutive days of gains, reaching an intraday low of Rs 60.61. The stock's performance over the past week shows a gain of 4.62%, while it has increased by 4.45% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 21.52% and a one-year drop of 34.85%. The company's high management efficiency, indicated by a return on equity (ROE) of 21.70%, contrasts sharply with its poor long-term growth, as operating profit has decreased at an annual rate of 45% over the last five years. Additionally, the stock is trading at a premium compared to its peers, with a price-to-book value of 9.9, which contributes to its negative sentiment.
Broader market context shows that while the stock has seen some short-term gains, it has still underperformed relative to the benchmark index, the Sensex, which has gained 5.58% year-to-date. The IT - Software sector, in which Tracxn operates, has also experienced a decline of 2.17% today, indicating a challenging environment for the sector as a whole. Despite a significant increase in delivery volume, which rose by 616.98% against the five-day average, the overall negative sentiment surrounding the stock, driven by poor financial results and high valuation concerns, has led to its current downward price movement.