Why is Mega Flex Plast. falling/rising?

As of 04-Aug, Mega Flex Plastics Ltd is experiencing a price increase, currently at Rs 64.60, reflecting a rise of 3.0 (4.87%). The stock has opened with a gain of 4.87% today and has maintained this price throughout the trading session. It is noteworthy that the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a significant decline in investor participation, with delivery volume dropping by 50% compared to the 5-day average. Despite this, the stock has shown impressive returns over the past month, with a 17.35% increase, and an outstanding 80.70% rise over the past year.
In the broader market context, Mega Flex Plastics Ltd has outperformed the Sensex, which has seen a slight increase of 0.17% over the past week, while the stock itself has decreased by 2.05% in the same timeframe. Year-to-date, the stock has gained 22.12%, significantly outpacing the Sensex's 4.56% increase. This strong performance relative to the benchmark suggests that the stock's recent rise is driven by company-specific factors rather than broader market trends. Overall, while the stock is currently rising, the drop in investor participation could signal potential caution among investors moving forward.