Why is MPIL Corporation falling/rising?

As of 13-Jun, MPIL Corporation Ltd is experiencing a price increase, currently at 585.00, which reflects a rise of 17.8 or 3.14%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 19.39% during this period. Today, it opened with a notable gain of 4.9% and reached an intraday high of Rs 595. Additionally, the stock has outperformed its sector by 3.47%. However, it is important to note that over the past month, the stock has declined by 9.99%, and year-to-date, it is down 3.11%. The rising investor participation, indicated by a significant increase in delivery volume, suggests growing interest in the stock, which may be contributing to its recent price movement.
In the broader market context, the stock's short-term performance over the past week shows a gain of 17.00%, contrasting sharply with the Sensex, which has declined by 1.30% during the same period. This indicates that MPIL Corporation is not only recovering from previous losses but is also gaining momentum against a backdrop of a generally declining market. Despite its recent gains, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while there is positive momentum, it may still face challenges in sustaining this upward trajectory in the longer term.