Why is MPIL Corporation falling/rising?

As of 05-Sep, MPIL Corporation Ltd is experiencing a decline in its stock price, currently at Rs 470.05, reflecting a decrease of Rs 20.85 or 4.25%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9.78% during this period. It is also trading close to its 52-week low, just 1.5% away from Rs 463. The stock's performance over the past week shows a decrease of 5.61%, and year-to-date, it has dropped by 22.14%, indicating significant underperformance compared to the Sensex, which has gained 3.29% in the same timeframe. Additionally, the stock is trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 44.44% against the 5-day average.
In the broader market context, MPIL Corporation's recent performance contrasts sharply with the Sensex, which has shown a positive return of 1.13% over the past week. This divergence highlights the stock's struggles relative to the overall market. The lack of trading on one day out of the last 20 days and the stock's opening gap down today further emphasize its volatility and challenges in attracting investor interest. Overall, the combination of declining stock price, poor short-term performance, and reduced trading activity suggests a lack of confidence among investors in MPIL Corporation at this time.