Why is Mega Flex Plast. falling/rising?

As of 17-Nov, Mega Flex Plastics Ltd is experiencing a price increase, with its current price at Rs. 82.95, reflecting a rise of Rs. 3.95 or 5.0%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 3.71%. Over the past week, the stock has shown a significant return of +19.52%, and for the month, it has surged by +72.81%. Despite this positive momentum, there is a noted decline in investor participation, with delivery volume dropping by 58.33% against the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Mega Flex Plastics has outperformed the Sensex, which has only increased by 1.72% over the past week. The stock's strong performance is further highlighted by its returns over various periods, including +56.81% year-to-date and +101.33% over three years, compared to the Sensex's +10.02% and +41.81%, respectively. This significant outperformance suggests that investor sentiment remains positive despite the recent decline in trading volume, indicating that the stock's upward trajectory is supported by strong fundamentals and market interest.