Why is MPDL Ltd falling/rising?

As of 17-Oct, MPDL Ltd's stock price is currently at Rs 48.42, reflecting an increase of Rs 2.16 or 4.67%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 4.69% during this period. Today, it opened with a gain of 4.99% and reached an intraday high of Rs 48.57. Additionally, the stock has outperformed its sector by 5.76%. However, despite this recent uptick, the stock has a year-to-date decline of 44.44%, indicating significant volatility and a challenging performance over a longer timeframe. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader Market Context: In the short term, MPDL Ltd has outperformed the benchmark Sensex, which has only increased by 1.76% over the past week while MPDL Ltd has risen by 7.89%. This suggests that the stock's recent gains are not only a result of company-specific factors but also indicate a stronger performance relative to the broader market. However, the stock's year-to-date performance remains concerning when compared to the Sensex's 7.44% increase, highlighting a significant divergence in performance over a longer period.