Why is Megri Soft falling/rising?

As of 23-Sep, Megri Soft Ltd is currently priced at 99.90, reflecting an increase of 0.45 (0.45%). The stock has shown a trend reversal by gaining after eight consecutive days of decline, outperforming its sector by 1.04% today. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 4.81%, and its year-to-date performance shows a significant drop of 47.17%. The company's weak long-term fundamentals, characterized by a low return on equity of 2.58% and poor growth in net sales and operating profit, contribute to its struggles. Additionally, the stock's liquidity is adequate for trading, but there has been a notable decline in investor participation, with delivery volume falling by 67.16% compared to the 5-day average.
In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, Megri Soft's performance has been significantly worse, indicating a consistent underperformance against the benchmark over the last three years. The stock's long-term outlook remains weak, with a poor EBIT to interest ratio and a premium valuation compared to its peers, further exacerbating its challenges. Despite today's slight uptick, the overall trend and fundamental weaknesses suggest that the stock is still facing considerable headwinds in the market.