Why is Megri Soft falling/rising?

As of 10-Jul, Megri Soft Ltd is experiencing a decline in its stock price, currently at 106.40, reflecting a decrease of 0.55 or 0.51%. The stock has been on a downward trend, losing value for the last three days and showing a total decline of 7.4% during this period. Additionally, it has underperformed significantly over the past week and month, with returns of -4.01% and -13.99%, respectively. The stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 73.38% compared to the five-day average. The company's weak long-term fundamentals, characterized by a low return on equity of 2.58% and poor growth metrics, contribute to its declining stock performance.
In the broader market context, Megri Soft's recent performance contrasts sharply with the benchmark Sensex, which has remained relatively stable, showing only a slight decline of 0.06% over the same week. The significant underperformance of Megri Soft, with a year-to-date decline of 43.73% compared to the Sensex's gain of 6.46%, highlights the stock's struggles in attracting investor confidence. The company's inability to service its debt effectively and the flat results reported in March further exacerbate its negative outlook, reinforcing the perception of it being a strong sell in the current market environment.