Why is Magenta Life falling/rising?

As of 02-Sep, Magenta Lifecare Ltd is experiencing a significant price increase, currently at Rs 16.99, reflecting a rise of 2.49 or 17.17%. The stock has outperformed its sector by 16.11% today, opening with a substantial gain of 17.17%. It reached an intraday high of Rs 16.99 and has maintained this price throughout the trading session. However, the stock has shown erratic trading patterns, not trading on 4 out of the last 20 days, and there has been a notable decline in investor participation, with delivery volume dropping by 61.54% compared to the 5-day average. Year-to-date, the stock is down 32.04%, and over the past year, it has decreased by 48.04%, indicating a challenging longer-term performance.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.78% over the past week, Magenta Lifecare's short-term return of 2.97% demonstrates a strong relative performance. While the Sensex has gained 2.58% year-to-date, Magenta's significant drop in value over the year highlights its struggles despite today's positive movement. The broader market context suggests that while the stock is currently rising, it has faced considerable challenges in the past, and its recent gains may not fully reflect its longer-term performance issues.