Why is Mega Corp. falling/rising?

As of 11-Jul, Mega Corporation Ltd's stock price is currently at 2.74, showing no change (0.00%). The stock has experienced a decline of 6.16% over the past week and 5.19% over the past month, while it has significantly outperformed the BSE500 in the long term, with a 35.69% return over the last year and an impressive 112.77% return over the last three years. However, today's performance indicates a slight outperformance against its sector by 0.92%. Despite being above the 20-day, 100-day, and 200-day moving averages, the stock is below the 5-day and 50-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 83.53% compared to the 5-day average, which may indicate waning interest among investors.
In the broader market context, the Sensex has only declined by 1.12% over the past week and has remained relatively stable with a minimal change of -0.02% over the past month. This suggests that Mega Corporation Ltd's short-term performance is underperforming compared to the benchmark. Despite the recent declines, the company has reported positive financial results, including the highest return on capital employed (ROCE) and profit before tax in its latest quarterly results, which may support a hold recommendation. The presence of majority shareholders as promoters could also provide stability, but the significant drop in delivery volume raises concerns about liquidity and investor confidence in the short term.