Why is Megasoft falling/rising?

As of 22-Sep, Megasoft Ltd's stock price is rising, currently at Rs 163.20, reflecting an increase of Rs 7.75 or 4.99%. The stock has been performing well, having outperformed its sector by 7.6% today and gaining consecutively over the last two days with an overall return of 8.15%. It is also trading above all key moving averages, indicating strong momentum. Additionally, the stock is close to its 52-week high, just 1.1% away from Rs 165. Over the past week, Megasoft has shown a return of 6.98%, and over the past month, it has surged by 22.71%, significantly outperforming the Sensex, which has only increased by 1.05%.
In the broader market context, while the IT - Software sector has seen a decline of 2.6%, Megasoft's strong performance stands out, particularly with its year-to-date return of 85.24% compared to the Sensex's 5.15%. This indicates that investor sentiment towards Megasoft remains positive despite sector-wide challenges. The rising investor participation, evidenced by a 53.71% increase in delivery volume, further supports the stock's upward trajectory. Overall, Megasoft's robust performance against both its sector and the broader market suggests a strong investor confidence that is driving its stock price higher.