Why is Mega Flex Plast. falling/rising?

As of 24-Sep, Mega Flex Plastics Ltd is experiencing a price increase, currently at 67.55, reflecting a rise of 2.6 or 4.0%. The stock has shown strong performance today, outperforming its sector by 7.74%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 25% compared to the 5-day average. The stock has also demonstrated impressive returns over various periods, including a 27.69% increase year-to-date and a 19.03% rise over the past year, which further supports its upward movement.
In the broader market context, Mega Flex Plastics Ltd has significantly outperformed the Sensex, which has seen a decline of 1.08% over the past week and a modest gain of 0.75% over the past month. While the stock has shown resilience and growth, the Sensex has struggled, highlighting the company's strong position relative to the market. The stock's liquidity is also favorable, as it is liquid enough for trading, which can attract more investors. Overall, the combination of strong performance metrics, increased investor interest, and favorable comparisons to the benchmark contributes to the stock's rising price.