Why is Megasoft falling/rising?

As of 11-Sep, Megasoft Ltd's stock price is currently at Rs. 162.15, reflecting an increase of Rs. 1.0 or 0.62%. The stock has been on a positive trajectory, gaining for the last eight days and achieving a remarkable 27.68% return during this period. Today, it reached a new 52-week high of Rs. 165, outperforming its sector by 0.96%. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 95.78% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Megasoft's performance over the past week shows a return of 15.29%, significantly outpacing the Sensex, which only increased by 1.03% during the same period. Over the past month, Megasoft has delivered an impressive 41.93% return compared to the Sensex's 1.17%. This stark contrast highlights the stock's strong performance relative to the market, contributing to its rising price. Overall, the combination of consistent gains, increased trading volume, and positive investor sentiment has driven Megasoft's stock price upward.