Why is MKP Mobility falling/rising?

As of 23-Jun, MKP Mobility Ltd is experiencing a decline in its stock price, currently at Rs 108.00, which represents a decrease of Rs 5.35 or 4.72%. The stock has underperformed significantly, with a 1-week return of -6.98% and a 1-month return of -13.53%. Today's trading saw the stock open with a gain of 4.98% but ultimately fell to a day's low of Rs 108, indicating volatility. Additionally, the stock is close to its 52-week low, just 1.67% away from Rs 106.2. It has been trading below its moving averages across various time frames, and investor participation has decreased sharply, with delivery volume dropping by 85.9% against the 5-day average.
In the broader market context, MKP Mobility's performance contrasts sharply with the Sensex, which has shown a slight increase of 0.12% over the past week. While the benchmark has gained 4.81% year-to-date, MKP Mobility has suffered a substantial decline of 53.31% in the same period. This stark difference highlights the stock's struggles relative to the overall market, further compounded by erratic trading patterns and low liquidity, which suggest a lack of investor confidence and interest in the stock.