Why is Megasoft falling/rising?

As of 11-Jul, Megasoft Ltd's stock price is currently at Rs 98.05, reflecting a decline of 2.0, or 2.0%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 6.89% during this period. It opened the day with a loss of 2% and reached an intraday low of Rs 98.05. Additionally, the stock has shown a significant drop in investor participation, with delivery volume falling by 75.6% compared to the five-day average. While the stock has performed well year-to-date and over the past year and three years, its recent performance has been negatively impacted by the broader IT sector, which has also seen a decline of 2.19%.
In the broader market context, Megasoft's short-term performance has lagged behind the benchmark, with a 1-week return of -5.04% compared to the Sensex's -1.12%. Over the past month, the stock has decreased by 6.34%, while the Sensex has remained relatively stable with a change of -0.02%. Despite a strong long-term performance, the recent downturn indicates that short-term pressures, including sector-wide declines and reduced trading activity, are influencing investor sentiment negatively.