Why is MKP Mobility falling/rising?

As of 19-Nov, MKP Mobility Ltd's stock price is currently at Rs 139.65, reflecting an increase of Rs 6.65 or 5.0%. Despite opening the day with a loss of 5%, the stock reached an intraday high of Rs 139.65, indicating a recovery from its earlier dip. Over the past week, the stock has shown a significant gain of 18.35%, outperforming the Sensex, which only increased by 0.85%. However, the stock has experienced a year-to-date decline of 39.62%, contrasting sharply with the Sensex's gain of 9.02%. Notably, the stock has been highly volatile today, with a wide trading range of Rs 13.3 and a delivery volume that has decreased by 51.55% compared to the five-day average, suggesting falling investor participation.
Broader Market Context: In the short term, MKP Mobility's performance has been notably strong compared to the benchmark, with a weekly return that significantly exceeds the Sensex's performance. This indicates that while the stock has faced challenges over the longer term, recent movements suggest a potential recovery phase. The stock's current trading above its shorter moving averages but below the 200-day moving average reflects a mixed technical outlook. Overall, while the stock is currently rising, the broader context of its year-to-date performance and declining investor participation may temper optimism about its future trajectory.