Why is Meghna Infracon falling/rising?

As of 08-Oct, Meghna Infracon Infrastructure Ltd is experiencing a price increase, with its current price at Rs 528.00, reflecting a rise of Rs 2.65 or 0.5%. The stock has shown strong performance recently, gaining 6.52% over the last two days and outperforming its sector by 1.04%. In terms of longer-term performance, the stock has increased by 46.67% year-to-date and an impressive 90.96% over the past year, indicating a robust upward trend despite a decline of 6.53% over the past month. The stock's moving averages indicate it is currently above the 5-day and 200-day averages, although it is below the 20-day, 50-day, and 100-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 309.8% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Meghna Infracon's short-term performance over the past week has outpaced the benchmark Sensex, which has risen by 0.98%, while the stock itself has gained 1.95%. This indicates that the stock is performing well relative to the overall market. The liquidity of the stock is also favorable, as it is liquid enough for trades of Rs 0.05 crore based on 2% of the 5-day average traded value. Overall, the combination of strong recent gains, increased investor interest, and favorable comparisons to the benchmark suggests a positive sentiment surrounding Meghna Infracon, contributing to its rising stock price.