Why is Megri Soft falling/rising?

As of 11-Jul, Megri Soft Ltd's stock price is currently at 107.75, reflecting an increase of 1.35 (1.27%). Today's performance indicates a positive trend as the stock has outperformed its sector by 3.41% and has gained after three consecutive days of decline. It opened with a notable gain of 3.38% and reached an intraday high of Rs 112.5, which is a 5.73% increase. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a decline in investor participation, with delivery volume falling by 15.84% against the 5-day average. The stock has shown significant underperformance over the past year, with a return of -11.35%, and has consistently lagged behind the benchmark indices over the last three years.
In the broader market context, while the Sensex has shown a slight decline of 1.12% over the past week, Megri Soft's short-term performance has been more volatile, with a 3.02% drop in the same period. The company's weak long-term fundamentals, characterized by a low return on equity of 2.58% and poor debt servicing ability, contribute to its overall negative outlook despite today's price increase. The stock's valuation appears expensive relative to its peers, and its ability to generate profits has diminished, as evidenced by a 14% decline in profits over the past year. This combination of factors suggests that while there may be short-term gains, the long-term prospects remain concerning.