Why is Mega Nirman falling/rising?

As of 20-Jun, Mega Nirman & Industries Ltd is experiencing a decline in its stock price, currently at Rs 23.23, reflecting a decrease of -1.12 or -4.6%. Today's price summary indicates that the stock underperformed its sector by -6.17%, opened with a loss of -3.9%, and reached an intraday low of Rs 23.23. The stock has also shown erratic trading patterns, not trading on one day out of the last 20, and has seen a significant drop in delivery volume, which fell by -86.42% against the 5-day average. Despite a strong performance over the past year with a return of 30.07%, the company faces challenges such as operating losses and a weak long-term fundamental strength, which contribute to its current price decline.
In the broader market context, the stock's short-term performance has been notably poor, with a -6.78% return over the past week, while the benchmark Sensex has gained +1.59%. This stark contrast highlights the stock's struggles relative to the market. Additionally, while the stock has outperformed the market over the longer term, its current valuation appears expensive compared to peers, and the company's operating profit has been declining. These factors, combined with falling investor participation and liquidity concerns, suggest that the stock's recent price movement is influenced by both internal operational weaknesses and external market dynamics.