Why is Mega Flex Plast. falling/rising?

As of 06-Nov, Mega Flex Plastics Ltd is experiencing a price increase, currently at 63.25, reflecting a change of 3.0 or 4.98%. The stock has outperformed its sector by 7.07% today and 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 notable decline in investor participation, with delivery volume dropping by 47.37% against the 5-day average, which could suggest a potential concern regarding sustained interest. The stock has shown a solid year-to-date return of 19.57%, significantly outperforming the Sensex, which has returned 7.89% in the same period.
In the broader market context, Mega Flex Plastics Ltd has demonstrated a strong short-term performance, with a 1-week return of 15.63% compared to the Sensex's decline of 1.42%. This stark contrast highlights the stock's resilience amidst a challenging market environment. Despite the recent drop in delivery volume, the overall positive returns year-to-date and the stock's performance relative to the benchmark suggest that it remains an attractive option for investors, at least in the short term.