Why is Megasoft falling/rising?

As of 23-Sep, Megasoft Ltd's stock price is currently at Rs. 170.45, reflecting an increase of Rs. 7.25, or 4.44%. The stock has recently hit a new 52-week high of Rs. 171.35 and has been on an upward trend, gaining 12.96% over the past three days. It has outperformed its sector by 5.03% today and opened with a gain of 4.99%. Additionally, Megasoft has shown impressive returns over various periods, including a 93.47% increase year-to-date and a remarkable 161.67% rise over the past year. However, there has been a decline in investor participation, with delivery volume dropping by 17.8% compared to the five-day average, which may indicate some caution among investors.
In the broader market context, Megasoft's short-term performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has been gaining significantly, the benchmark has not followed suit, highlighting Megasoft's strong relative performance. The stock's liquidity remains adequate for trading, suggesting that despite the drop in delivery volume, there is still sufficient market activity. Overall, the combination of strong recent performance, hitting new highs, and substantial returns over time contributes to the stock's rising price, even as investor participation shows signs of waning.