Why is MPDL Ltd falling/rising?

As of 10-Oct, MPDL Ltd's stock price is currently at Rs 44.88, reflecting an increase of Rs 2.13, or 4.98%. The stock has shown a positive trend recently, gaining 10.22% over the last two days and outperforming its sector by 4.85% today. Despite this recent uptick, the stock has experienced a significant decline of 14.60% over the past month and a year-to-date drop of 48.50%. Notably, the stock opened with a gain of 4.82% today and reached an intraday high of Rs 44.88. However, there has been a concerning drop in investor participation, with delivery volume falling by 76.42% against the 5-day average, indicating potential issues with sustained interest in the stock.
In the broader market context, MPDL Ltd's short-term performance has significantly outpaced the Sensex, which has only risen by 1.59% over the past week. While the stock has shown strong returns over a three-year period at 151.43%, its long-term performance remains mixed, with a decline of 8.58% over the past year compared to the Sensex's modest gain of 1.09%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence, especially given the erratic trading patterns and the narrow trading range observed recently.