Why is Megri Soft falling/rising?

As of 24-Jun, Megri Soft Ltd's stock price is currently at 120.00, reflecting an increase of 5.0, or 4.35%. The stock has shown a trend reversal by gaining after two consecutive days of decline, reaching an intraday high of Rs 124.5. However, despite today's positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 36.54% and a 5-year return of 841.18%. The company's weak long-term fundamentals, indicated by a low return on equity (ROE) of 2.58% and poor growth in net sales and operating profit, contribute to concerns about its valuation. Additionally, the stock's liquidity appears to be decreasing, with a significant drop in delivery volume, which may indicate waning investor interest.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has underperformed the Sensex over the past week and month, with returns of -3.19% and -5.51%, respectively, while the Sensex has gained. This consistent underperformance against the benchmark, alongside the company's financial challenges, suggests that while there may be short-term gains, the overall outlook remains cautious. The stock's premium valuation compared to peers and its inability to generate positive returns over the last year further underscore the challenges it faces in attracting sustained investor confidence.