Why is Makers Labs. falling/rising?

As of 06-Nov, Makers Laboratories Ltd is experiencing a price increase, with the current price at Rs 129.90, reflecting a rise of Rs 5.45 or 4.38%. Despite opening the day with a loss of 3.46%, the stock reached an intraday high of Rs 133, indicating a recovery during the trading session. However, the stock has shown a negative trend over the past month, down 8.49%, and a year-to-date decline of 28.25%. The stock's performance today outperformed its sector by 5.15%, but it has also exhibited high volatility with an intraday volatility of 5.07%. Notably, there has been a significant drop in investor participation, with delivery volume falling by 62.36% compared to the 5-day average, which may indicate a lack of confidence among investors.
Broader Market Context: In the context of the broader market, the Sensex has shown a decline of 1.30% over the past week, while Makers Laboratories Ltd has gained 3.80% in the same period, suggesting that the stock is performing relatively well compared to the benchmark. However, over the longer term, the stock has underperformed the Sensex, which has increased by 6.62% year-to-date, highlighting ongoing challenges for Makers Laboratories Ltd. The stock's recent rise may be attributed to short-term trading dynamics rather than a fundamental recovery, as indicated by its overall negative returns in the longer time frames.