Why is Magenta Life falling/rising?

As of 16-Sep, Magenta Lifecare Ltd's stock price is currently at Rs 16.25, reflecting an increase of Rs 1.95, or 13.64%. The stock has shown strong performance today, outperforming its sector by 13.41% and has experienced consecutive gains over the last two days, with a total return of 14.04% in that period. The stock opened with a significant gain of 4.83% today and reached an intraday high of Rs 16.25. However, it also exhibited volatility, with an intraday range of Rs 2.65 and a high volatility rate of 8.84%. Notably, the stock's delivery volume has doubled compared to the 5-day average, indicating rising investor participation. Despite these positive movements, the stock's year-to-date performance remains down by 35.00%, and its one-year return is down by 49.22%, suggesting a challenging longer-term trend.
In the broader market context, the Sensex has increased by 1.58% over the past week, while Magenta Lifecare Ltd has outperformed this benchmark significantly with a 14.04% rise. Over the past month, the stock has also lagged behind the Sensex, which has gained 2.21%, while Magenta's return is only 1.25%. This indicates that while the stock is experiencing a short-term rally, it still faces challenges in the longer term compared to the overall market performance. The high volatility and erratic trading patterns further highlight the stock's uncertain position in the market, despite today's positive price movement.