Why is Mega Flex Plast. falling/rising?

As of 11-Nov, Mega Flex Plastics Ltd is experiencing a price increase, with its current price at Rs. 72.85, reflecting a rise of Rs. 3.45 or 4.97%. The stock has reached a new 52-week high today and has outperformed its sector by 5.82%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also seen a significant increase in investor participation, with delivery volume rising by 189.47% compared to the 5-day average. The positive performance is further highlighted by the stock's impressive returns, showing a 20.91% increase over the past week and a 32.45% increase over the past month, significantly outperforming the Sensex, which has only risen by 0.38% and 1.62% in the same periods.
In the broader market context, Mega Flex Plastics Ltd's strong short-term performance stands in stark contrast to the benchmark Sensex, which has shown minimal growth. The stock's year-to-date return of 37.71% and one-year return of 44.83% also significantly exceed the Sensex's respective returns of 8.67% and 6.44%. This robust performance suggests that investor confidence in Mega Flex Plastics Ltd is strong, likely driven by positive market sentiment and favorable trading conditions, as indicated by its liquidity and rising delivery volumes. No negative factors were reported, further supporting the stock's upward trajectory.