Why is Megri Soft falling/rising?

As of 19-Sep, Megri Soft Ltd is experiencing a decline in its stock price, currently at Rs 99.50, which reflects a decrease of Rs 4.4 or 4.23%. The stock has underperformed its sector by 3.83% today and has been on a consecutive downward trend for the last two days, with a total decline of 5.19% in this period. Additionally, the stock has touched an intraday low of Rs 97.3, indicating significant selling pressure. Over the past week, Megri Soft has seen a return of -5.24%, and its year-to-date performance shows a staggering decline of 47.38%. The company's fundamentals are weak, highlighted by a low return on equity (ROE) 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, which may deter potential investors.
In the broader market context, while the Sensex has shown a positive return of 0.88% over the past week, Megri Soft's performance starkly contrasts this trend, indicating a significant underperformance relative to the benchmark. The company's liquidity appears to be declining, as evidenced by a drastic drop in delivery volume, which fell by 79.06% against the five-day average. This lack of investor participation, combined with the company's weak ability to service its debt and flat financial results, contributes to a negative outlook for the stock. Overall, Megri Soft's consistent underperformance against the benchmark over the last three years further emphasizes the challenges it faces in regaining investor confidence.