Why is Megatherm falling/rising?

As of 26-Jun, Megatherm Induction Ltd is experiencing a price increase, currently at 361.50, which reflects a change of 4.05 or 1.13% upward. The stock has shown strong performance over the past month with a return of 23.97%, significantly outperforming the Sensex, which only increased by 2.19% during the same period. Additionally, Megatherm is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume dropping by 7.89% compared to the 5-day average, which could suggest a potential concern for future trading activity. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.
In the broader market context, Megatherm's short-term return of 2.19% over the past week is slightly lower than the Sensex's return of 3.05%, indicating that while the stock is performing well overall, it is lagging behind the benchmark in the very short term. Year-to-date, Megatherm has outperformed the Sensex with an 11.87% increase compared to the benchmark's 8.05%. This suggests that despite some recent fluctuations in trading volume, the stock has maintained a solid performance relative to the broader market trends.