Why is Megri Soft falling/rising?

As of 29-Oct, Megri Soft Ltd is experiencing a decline in its stock price, currently at Rs 99.49, which reflects a decrease of Rs 3.41 or 3.31%. The stock has been underperforming, having fallen for the last three days with a total decline of 6.87% during this period. Additionally, it touched an intraday low of Rs 95.2, indicating significant selling pressure. In terms of returns, the stock has underperformed the sector by 3.91% today and has a year-to-date decline of 47.39%, contrasting sharply with the Sensex's gain of 8.78% over the same period. Notably, while the stock is trading above its 20-day moving average, it remains below its 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.
In the broader market context, the stock's short-term performance has been notably weaker compared to the Sensex, which has gained 0.68% over the past week while Megri Soft has declined by 0.51%. This divergence indicates a lack of investor confidence in Megri Soft relative to the overall market. Despite a rise in delivery volume, which increased by 9.63% against the 5-day average, the overall liquidity remains sufficient for trading, but the stock's recent performance suggests that investors are cautious. The absence of specific positive or negative factors further complicates the outlook, leaving the stock vulnerable to continued downward pressure in the near term.