Why is MPL Plastics falling/rising?

As of 05-Aug, MPL Plastics Ltd is currently priced at 8.98, reflecting a slight increase of 0.01 or 0.11%. The stock has shown a trend reversal by gaining after three consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite today's performance, which outperformed the sector by 0.3%, the stock has experienced significant declines over the past week, month, year-to-date, and year, with returns of -3.65%, -8.37%, -26.81%, and -36.49%, respectively. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 16.21% against the 5-day average, indicating a potential lack of confidence among investors.
In the broader market context, the Sensex has shown a more favorable performance compared to MPL Plastics, with a decline of only 0.77% over the past week and a positive return of 3.29% year-to-date. This stark contrast highlights the underperformance of MPL Plastics relative to the benchmark, which may be contributing to the stock's recent struggles. The liquidity of the stock remains adequate for trading, but the overall negative sentiment reflected in the significant year-to-date and yearly declines suggests that investors are cautious, further impacting the stock's price movement.