Why is Mangal Compuso. falling/rising?

As of 21-Jul, Mangal Compusolution Ltd is experiencing a rise in its stock price, currently at Rs. 61.00, which reflects an increase of Rs. 3.63 or 6.33%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 8.48%. It opened with a gain of 2.84% and touched an intraday high of Rs. 61. The stock has shown impressive returns over various periods, including a 36.96% increase over the past month and a remarkable 78.89% year-to-date. However, there has been a notable decline in investor participation, with delivery volume dropping by 50.7% against the 5-day average, which may indicate some caution among investors despite the positive price movement.
In the broader market context, Mangal Compusolution Ltd's short-term performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. While the IT - Hardware sector has faced a downturn of 2.13%, Mangal Compusolution's ability to trade above its moving averages and achieve substantial gains suggests strong investor confidence in the company. The liquidity of the stock remains adequate for trading, further supporting its upward trajectory despite the broader sector challenges.