Why is Mega Flex Plast. falling/rising?

As of 31-Jul, Mega Flex Plastics Ltd is experiencing a price increase, currently at 64.70, which reflects a rise of 2.7 or 4.35%. The stock has shown strong performance today, outperforming its sector by 5.08%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume on 30 July has surged by 150% compared to the 5-day average, suggesting rising investor participation. Over the past week, the stock has gained 3.35%, and over the past month, it has increased by 16.26%, significantly outperforming the Sensex, which has declined by 1.17% and 3.03% respectively.
In the broader market context, Mega Flex Plastics Ltd's year-to-date return stands at 22.31%, while the Sensex has only increased by 4.75% during the same period. This substantial outperformance highlights the stock's strong momentum relative to the benchmark. Over the past year, the stock has surged by 80.73%, contrasting sharply with the Sensex's slight decline of 0.73%. This indicates that despite a challenging market environment, Mega Flex Plastics Ltd has managed to attract investor interest and maintain a robust upward trajectory.