Why is Megri Soft falling/rising?

As of 08-Jul, Megri Soft Ltd is experiencing a decline in its stock price, currently at Rs 107.70, which represents a decrease of Rs 7.2 or 6.27%. The stock has underperformed its sector by 6.54% today and has fallen after three consecutive days of gains. It opened with a gain of 2.22% but quickly touched an intraday low of Rs 105, indicating high volatility with a wide trading range of Rs 12.45. Over the past week, the stock has decreased by 5.48%, and its year-to-date performance shows a significant drop of 43.05%. The company's weak long-term fundamentals, characterized by a low return on equity of 2.58% and poor growth in net sales and operating profit, contribute to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Megri Soft's decline. The stock has consistently underperformed against the benchmark, generating negative returns over the last year and three years. Additionally, the company's liquidity appears to be a concern, with a significant drop in delivery volume, indicating falling investor participation. The stock's current valuation is considered expensive compared to its peers, further exacerbating the negative outlook. Overall, the combination of weak fundamentals, poor recent performance, and high volatility has led to the stock's downward movement.