Why is Megasoft falling/rising?

As of 31-Oct, Megasoft Ltd's stock price is currently at Rs 214.30, reflecting an increase of Rs 10.2 or 5.0%. Today's performance indicates that the stock opened lower, down by 3.41%, but managed to recover and reach an intraday high of Rs 214.3, which is just 0.19% away from its 52-week high of Rs 214.7. The stock has shown strong performance over various periods, with a year-to-date increase of 143.25% and a remarkable 212.85% rise over the past year. Additionally, the stock is trading above all its moving averages, indicating a bullish trend. There has been a significant increase in investor participation, with delivery volume rising by 191.22% compared to the 5-day average, suggesting strong interest in the stock.
In the broader market context, Megasoft's short-term performance has significantly outpaced the benchmark Sensex, which has seen a slight decline of 0.32% over the past week while Megasoft surged by 21.24%. This stark contrast highlights the stock's strong momentum relative to the overall market. The liquidity of the stock remains healthy, allowing for trades of substantial size, which may contribute to its rising price. Overall, the combination of strong investor interest, positive price movements, and outperformance against the benchmark suggests that Megasoft is experiencing a favorable market sentiment.