Why is Mahindra Life falling/rising?

As of 03-Nov, Mahindra Lifespace Developers Ltd is experiencing a price increase, currently at 405.20, reflecting a rise of 19.5 or 5.06%. The stock has outperformed its sector by 3.82% today and has shown consecutive gains over the last two days, accumulating a total return of 6.11%. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, despite these gains, the company faces significant challenges, including operating losses and weak long-term fundamentals, with net sales declining at an annual rate of -16.08% and a concerning EBIT to interest ratio of -12.75. The stock's performance over the past year has been poor, with a return of -19.64%, indicating that it has underperformed compared to the broader market.
In the broader market context, Mahindra Lifespace's short-term return of +10.29% over the past month contrasts sharply with the Sensex's return of +3.41%, showcasing its relative strength in the short term. However, the stock's year-to-date performance remains negative at -12.21%, while the Sensex has gained 7.47% during the same period. This divergence highlights the stock's volatility and the challenges it faces despite recent positive movements. The high institutional holdings at 30.58% may provide some support, as these investors typically have the resources to analyze the company's fundamentals more effectively than retail investors.