Why is Megri Soft falling/rising?

As of 15-Jul, Megri Soft Ltd's stock price is currently at 105.00, reflecting an increase of 0.95 or 0.91%. Despite this slight uptick, the stock has shown a significant decline over the past week, down 2.51%, and has underperformed the benchmark Sensex, which has decreased by only 1.36%. The stock hit a new 52-week low of Rs.100 today, indicating ongoing struggles. Additionally, it is trading below all key moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 66.06% compared to the 5-day average. The company's weak long-term fundamentals, highlighted by a low return on equity of 2.58% and poor growth rates in net sales and operating profit, further contribute to its negative outlook.
In the broader market context, Megri Soft's performance has been consistently poor compared to the Sensex, with a year-to-date decline of 44.47% against the benchmark's gain of 5.67%. Over the past three years, the stock has underperformed the BSE500, generating negative returns in each of the last three annual periods. This consistent underperformance, combined with a weak ability to service debt and low cash reserves, suggests that the stock's recent price movements are influenced by fundamental weaknesses rather than broader market trends.