Why is MPDL Ltd falling/rising?

As of 07-Nov, MPDL Ltd's stock price is currently at Rs 49.29, reflecting an increase of Rs 2.34 or 4.98%. The stock has shown strong performance recently, outperforming its sector by 5.55% today and achieving a consecutive gain over the last two days with a total return of 7.83% during this period. Additionally, the stock has seen a significant increase of 21.05% over the past month, while it has outperformed the benchmark Sensex, which has only risen by 1.57% in the same timeframe. However, there has been a decline in investor participation, with delivery volume dropping by 35.53% compared to the 5-day average, which may indicate some caution among investors despite the positive price movement.
Broader Market Context: In the short term, MPDL Ltd has significantly outperformed the Sensex, with a 1-week return of 6.48% compared to the benchmark's decline of 0.86%. This strong performance contrasts with the year-to-date figures, where MPDL Ltd has underperformed the Sensex, showing a decline of 43.44% against the benchmark's gain of 6.50%. The stock's liquidity remains adequate for trading, suggesting that while there may be some hesitance from investors, the stock is still actively traded. Overall, the recent price rise can be attributed to positive short-term performance metrics, despite the broader context of underperformance over the longer term.