Why is Megasoft falling/rising?

As of 24-Oct, Megasoft Ltd's stock price is rising, currently at Rs. 176.80, reflecting an increase of Rs. 8.4 or 4.99%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last four days with a total return of 21.47% over this period. It opened with a gap up of 3.83% and touched an intraday high of Rs. 176.8. Additionally, Megasoft is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The rising investor participation is also noteworthy, with a delivery volume increase of 10.38% compared to the 5-day average, suggesting growing interest in the stock.
In the broader market context, Megasoft's performance significantly outpaces the benchmark Sensex, which has only increased by 0.31% over the past week. The stock's year-to-date return of 100.68% and one-year return of 154.79% further highlight its strong performance relative to the Sensex's 7.77% and 5.18% gains, respectively. This stark contrast in returns indicates that investor confidence in Megasoft is robust, contributing to its rising stock price amidst a generally stable market environment.