Why is Mega Corp. falling/rising?

As of 04-Jul, Mega Corporation Ltd is experiencing a price increase, currently at 2.92, with a change of 0.04, representing a rise of 1.39%. The stock has shown strong performance today, outperforming its sector by 1.26% and has been on a consecutive gain streak for the last six days, accumulating a total return of 19.18% during this period. Additionally, Mega Corp. is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The stock's performance over the past year has also been notable, with a return of 50.93%, significantly outperforming the BSE500 index over various time frames, including the last three years. Positive financial results, such as the highest recorded ROCE and PBDIT, further bolster investor confidence.
In the broader market context, Mega Corporation's short-term return of 15.87% over the past week stands in stark contrast to the Sensex, which has declined by 0.74% during the same period. This divergence highlights the stock's strong performance relative to the overall market. The rising investor participation, evidenced by a 72.3% increase in delivery volume, suggests growing interest and confidence in the stock, contributing to its upward price movement. Overall, the combination of strong recent gains, positive financial indicators, and outperformance against the benchmark supports the stock's rising trajectory.