Why is Megasoft falling/rising?

As of 18-Jul, Megasoft Ltd's stock price is rising, currently at 108.15, reflecting an increase of 2.1, or 1.98%. The stock has been performing well, gaining 10.3% over the past week and 16.57% over the past month, significantly outperforming the Sensex, which has seen a decline of 0.90% in the same week and a modest increase of 0.38% over the month. Additionally, the stock is trading close to its 52-week high, just 2.4% away from Rs 110.75, and has consistently outperformed its sector by 2.08%. However, there has been a noted decrease in investor participation, with delivery volume falling by 15.24% against the 5-day average, which may indicate some caution among investors.
Broader market context shows that Megasoft's strong performance contrasts sharply with the benchmark, as it has delivered a year-to-date return of 22.76% compared to the Sensex's 4.63%. Over the past three years, Megasoft has achieved a remarkable return of 150.06%, while the Sensex has only increased by 49.96%. This disparity highlights the stock's robust growth trajectory, supported by its trading above all key moving averages, which suggests a bullish trend. Despite the recent drop in delivery volume, the stock's liquidity remains adequate for trading, indicating that it continues to attract interest from investors.