Why is Megasoft falling/rising?

As of 27-Jun, Megasoft Ltd's stock price is rising, currently at 105.21, reflecting an increase of 6.19 or 6.25%. The stock has shown strong performance today, outperforming its sector by 6.54% and has been on a consecutive gain streak for the last five days, accumulating a return of 23.05% during this period. It opened with a gain of 5% today and reached an intraday high of Rs 105.21. Additionally, Megasoft is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The rising investor participation is also notable, with a delivery volume increase of 137.54% compared to the 5-day average, contributing positively to the stock's momentum. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Megasoft's short-term performance significantly outpaces the benchmark, with a 1-week return of 23.05% compared to the Sensex's 2.00% increase. This trend is consistent over the past month, where Megasoft achieved a return of 28.30% against the Sensex's 3.07%. The stock's year-to-date performance also shows a robust return of 19.42%, compared to the Sensex's 7.58%, further highlighting its strong position in the market. Overall, the stock's impressive returns relative to the benchmark suggest that investor confidence is high, contributing to its rising price.