Why is Mega Flex Plast. falling/rising?

As of 24-Jul, Mega Flex Plastics Ltd is experiencing a price increase, currently at 62.60, reflecting a rise of 2.1 or 3.47%. The stock has shown strong performance recently, with a 1-week return of 6.37% and a 1-month return of 19.24%, significantly outperforming the Sensex, which has seen a decline of 0.20% over the same week and a slight increase of 0.07% over the month. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 23.08% compared to the 5-day average, which could suggest a potential concern for sustained momentum. Unfortunately, there is no information available regarding specific positive or negative factors impacting the stock.
In the broader market context, Mega Flex Plastics Ltd's recent performance contrasts sharply with the Sensex, which has only gained 5.99% year-to-date compared to the stock's impressive 18.34% increase. This indicates that while the stock is thriving, the overall market is not performing as well, highlighting the strength of Mega Flex Plastics Ltd relative to its benchmark. The stock's ability to outperform the sector by 2.04% today further emphasizes its robust position in the market despite the noted decrease in trading volume.