Why is Megasoft falling/rising?

As of 28-Oct, Megasoft Ltd's stock price is currently at Rs. 194.80, reflecting an increase of Rs. 9.25, or 4.99%. The stock has recently hit a new 52-week high today and has been on a positive trajectory, gaining for the last six consecutive days with a total return of 33.84% during this period. Additionally, it has outperformed its sector by 5.69%. The stock is trading above all its moving averages, indicating strong momentum. However, there has been a notable decline in investor participation, with delivery volume falling by 33.61% compared to the five-day average, which could be a concern for future price stability.
In the broader market context, Megasoft's short-term performance has significantly outpaced the benchmark Sensex, with a one-week return of 21.45% compared to the Sensex's mere 0.24%. Over the past month, Megasoft has achieved a return of 22.94%, while the Sensex has only increased by 5.22%. This stark contrast highlights the stock's strong performance relative to the market, contributing to its rising price. Overall, while the stock is experiencing upward momentum, the decline in investor participation may warrant caution moving forward.