Why is MPL Plastics falling/rising?

As of 07-Aug, MPL Plastics Ltd is experiencing a price increase, with the current price at Rs 8.91, reflecting a rise of Rs 0.25 or 2.89%. Despite this positive movement today, the stock has shown a significant decline over the past month, down 10.90%, and a year-to-date drop of 27.38%. The stock is currently trading 4.6% above its 52-week low of Rs 8.5. However, it is underperforming relative to its moving averages, trading lower than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 85.07% compared to the 5-day average, indicating reduced interest in the stock.
In the broader market context, MPL Plastics has underperformed compared to the Sensex, which has gained 3.18% year-to-date, while MPL has lost 27.38%. Over the past week, MPL's decline of 3.05% contrasts with the Sensex's smaller drop of 0.69%, suggesting that the stock is struggling more than the overall market. This disparity highlights the challenges faced by MPL Plastics in attracting investor confidence, particularly in light of its declining performance metrics and reduced trading activity.