Why is Makers Labs. falling/rising?

As of 13-Nov, Makers Laboratories Ltd is experiencing a price increase, currently at Rs 132.70, which reflects a rise of Rs 9.55 or 7.75%. The stock has shown positive momentum, gaining 13.13% over the last two days and outperforming its sector by 7.54% today. It opened with a gain of 3.05% and reached an intraday high of Rs 133.5, indicating strong buying interest. However, despite these gains, the stock's year-to-date performance remains negative at -26.71%, and it has underperformed over the longer term compared to the benchmark, with a 1-year return of -14.94% versus the Sensex's +8.74%. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.81% against the 5-day average, which may indicate some caution among investors.
Broader Market Context: In the short term, Makers Laboratories Ltd has outperformed the Sensex, which has only gained 1.40% over the past week compared to the stock's 2.59% increase. This suggests that the stock is gaining traction relative to the broader market, despite its longer-term struggles. The overall market context appears to be supportive of the stock's recent rise, as it has shown resilience in the face of declining investor participation and liquidity concerns. However, the stock's performance remains volatile, and its ability to maintain this upward trajectory will depend on continued positive sentiment and improved trading volumes.