Why is Mega Corp. falling/rising?

As of 10-Jul, Mega Corporation Ltd's stock price is currently at 2.74, reflecting a decrease of 0.05, or 1.79%. The stock has underperformed its sector today by 1.92%. Despite being higher than the 20-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 50-day moving averages. The stock has seen a rise in investor participation, with delivery volume increasing by 54.52% against the 5-day average. Over the past year, the stock has generated a return of 29.11%, outperforming the BSE500 index in the long term, particularly over the last three years and one year. However, it has faced challenges in the short term, with a year-to-date decline of 32.01%.
In the broader market context, Mega Corporation Ltd's short-term performance has been significantly weaker than the benchmark, with a 1-week return of -4.86% compared to a slight decline of only 0.06% for the Sensex. This underperformance highlights the stock's struggles in the current market environment, despite its strong long-term performance metrics, such as the highest return on capital employed and positive quarterly earnings results. The majority ownership by promoters may provide some stability, but the recent price movement indicates that investor sentiment is currently cautious, contributing to the stock's decline.