Why is Megri Soft falling/rising?

As of 17-Sep, Megri Soft Ltd's stock price is currently at 104.95, showing no change (0.00%). The stock has underperformed its sector by 0.65% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 7.12%, and it has experienced a significant year-to-date drop of 44.50%. Additionally, the delivery volume has decreased by 32.11% compared to the 5-day average, indicating falling investor participation. The company has weak long-term fundamentals, with a low return on equity of 2.58% and poor growth in net sales and operating profit over the last five years. Furthermore, the stock is trading at a premium compared to its peers, and its profits have fallen by 16% over the past year.
In the broader market context, the Sensex has increased by 1.56% over the past week, contrasting sharply with Megri Soft's decline. The stock has consistently underperformed against the benchmark over the last three years, generating negative returns in each of the last three annual periods. This underperformance is compounded by the company's weak financial health, including a low EBIT to interest ratio and minimal cash reserves. Overall, the combination of poor stock performance relative to the market, weak fundamentals, and declining investor interest contributes to the stock's current downward trajectory.