Why is MPIL Corporation falling/rising?

As of 26-Aug, MPIL Corporation Ltd's stock price is currently at Rs 500.00, reflecting an increase of Rs 13.55 or 2.79%. The stock has shown a trend reversal today, gaining after two consecutive days of decline. It opened with a gain of 2.79% and reached an intraday high of Rs 500. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In terms of performance against benchmarks, the stock has underperformed over the past week and month, with declines of 8.32% and 3.86%, respectively, while the Sensex has only fallen by 1.05% and 0.83%. Notably, there has been a significant increase in investor participation, with delivery volume rising by 176.6% compared to the 5-day average.
Broader Market Context: The broader market context indicates that the textile machinery sector has experienced a decline of 2.72%, which may be influencing MPIL Corporation's performance. While the stock has outperformed its sector today, its year-to-date performance shows a decline of 17.18%, contrasting sharply with the Sensex's gain of 3.39% over the same period. This suggests that while there may be short-term positive movements, the stock's long-term trajectory remains challenged compared to the overall market.