Why is Medi Caps falling/rising?

As of 12-Nov, Medi Caps Ltd is experiencing a price increase, with its current price at Rs 39.15, reflecting a change of Rs 1.63 or 4.34% upward. The stock has shown a strong performance today, outperforming its sector by 3.36% and has gained consecutively over the last three days, accumulating a total return of 7.67% in this period. It opened with a significant gain of 14.58% and reached an intraday high of Rs 42.99. However, despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 67.53% compared to the five-day average, indicating potential concerns about sustained interest in the stock. Additionally, while the stock is trading above its 5-day, 20-day, and 50-day moving averages, it remains below its 100-day and 200-day moving averages, suggesting mixed signals regarding its longer-term performance.
Broader market context shows that Medi Caps has outperformed the Sensex in the short term, with a 1-week return of 2.19% compared to the benchmark's 1.21%. However, the stock has underperformed over longer periods, with a year-to-date decline of 19.69% against the Sensex's gain of 8.10%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence despite recent gains. The high volatility observed today, with an intraday fluctuation of 6.15%, further emphasizes the uncertain market sentiment surrounding Medi Caps Ltd.