Why is Megri Soft falling/rising?

As of 12-Jun, Megri Soft Ltd's stock price is currently at Rs 116.20, reflecting a decline of Rs 10.8 or 8.5%. The stock has underperformed its sector today by 7.52%, having touched an intraday low of Rs 114.35, which is a decrease of 9.96%. The stock has exhibited high volatility with an intraday volatility of 5.24% and has traded significantly below its moving averages across various time frames. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 52.69% compared to the 5-day average. The company's weak long-term fundamentals, indicated by a low return on equity of 2.58% and poor growth in net sales and operating profit, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Megri Soft's performance over the past week shows a return of +5.64%, which is significantly better than the Sensex's +0.31%. However, over the longer term, the stock has underperformed, with a year-to-date return of -38.55% compared to the Sensex's +4.55%. This stark contrast highlights the stock's struggles in maintaining investor confidence, particularly in light of its flat results and declining profits over the past year. The stock's expensive valuation relative to its peers, combined with its inability to generate positive returns, positions it unfavorably in the current market environment.