Why is MPIL Corporation falling/rising?

As of 09-Sep, MPIL Corporation Ltd is experiencing a price increase, currently at Rs. 493.55, reflecting a rise of Rs. 23.5 or 5.0%. Despite this uptick, the stock has faced significant challenges recently, having hit a new 52-week low of Rs. 446.6 earlier in the day, which indicates a volatile trading session. The stock opened with a loss of 4.99% and has shown a wide trading range of Rs. 46.95 throughout the day. Over the past week, the stock has declined by 0.89%, and it has underperformed the benchmark Sensex, which has gained 1.18% during the same period. Additionally, MPIL Corporation is trading below its moving averages across multiple time frames, suggesting a bearish trend. There is a notable decline in investor participation, with delivery volume dropping by 64.29% compared to the five-day average, which could indicate waning interest among investors.
In the broader market context, while the Sensex has shown positive momentum with a 1.18% increase over the past week, MPIL Corporation's performance has been lackluster, with a 4.77% decline over the past month and an 18.25% drop year-to-date. The textile machinery sector, however, has gained by 2.39%, which may reflect a more favorable environment for other companies within the industry, contrasting with MPIL's struggles. Overall, the stock's recent price movement appears to be influenced by both internal challenges, such as low trading volumes and poor performance relative to moving averages, and external market conditions that favor other players in the sector.