Why is Medi Caps falling/rising?

As of 23-Oct, Medi Caps Ltd's stock price is currently at 39.56, reflecting an increase of 1.59 or 4.19%. The stock has shown a positive trend recently, gaining 10.19% over the past week, although it has experienced a decline of 1.62% over the last month. Today, the stock opened with a loss of 7.3% but managed to reach an intraday high of Rs 44.49, indicating significant volatility with a wide trading range of Rs 9.29. Despite this, the stock has been gaining for the last four days, outperforming its sector by 4.4%. However, there has been a notable decrease in investor participation, with delivery volume falling by 25.59% against the five-day average, which could indicate a lack of sustained interest.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.30% over the past week, Medi Caps Ltd's short-term performance is significantly stronger. However, the stock's year-to-date performance shows a decline of 18.85%, contrasting with the Sensex's gain of 8.21%. This suggests that while the stock is experiencing a short-term rally, it has struggled over a longer timeframe. The high volatility observed today, along with the stock trading above its shorter moving averages but below its longer ones, indicates mixed signals regarding its future performance in the broader market context.