Megri Soft Hits New 52-Week Low at Rs. 90 Amid Ongoing Decline

Megri Soft, a microcap company in the Commercial Services & Supplies sector, has reached a new 52-week low of Rs. 90 today, marking a significant decline in its stock performance. This drop comes as the stock has underperformed its sector by 2.45% and has seen a consecutive fall over the last three days, resulting in a total decline of 2.84% during this period.
On the trading front, Megri Soft recorded an intraday high of Rs. 97.95, reflecting a 3.11% increase at one point, but ultimately closed lower. The stock's performance has been consistently below its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a prolonged period of weakness.

Over the past year, Megri Soft has experienced a decline of 26.02%, contrasting sharply with the Sensex, which has shown a slight gain of 0.17%. The company's financial metrics reveal weak long-term fundamental strength, with an average Return on Equity (ROE) of 2.58% and a concerning EBIT to Interest ratio of 0.60. As the market continues to navigate these challenges, Megri Soft's position remains under scrutiny.