Why is MPDL Ltd falling/rising?

As of 24-Sep, MPDL Ltd's stock price is currently at Rs 45.72, reflecting a decline of Rs 2.35, or 4.89%. The stock has been underperforming, having lost 14.01% over the last three days and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance today has underperformed its sector by 3.28%. In terms of returns, MPDL Ltd has seen a significant decline of 47.54% year-to-date, while its one-week performance shows a drop of 10.67%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 4.58% year-to-date, MPDL Ltd's substantial decline highlights a stark contrast in performance. The Sensex has also shown a modest increase of 0.50% over the past month, while MPDL Ltd has experienced a decrease of 3.83% in the same period. This disparity in performance suggests that broader market conditions are favoring the benchmark, while MPDL Ltd is struggling significantly, contributing to its falling stock price.