Why is Mangalam Organic falling/rising?

As of 11-Aug, Mangalam Organics Ltd is experiencing a price increase, currently at Rs 488.15, reflecting a rise of Rs 23.15 or 4.98%. The stock opened with a gain of 4.95% today and reached an intraday high of Rs 488.15. It has outperformed its sector by 3.94% today, and there has been a significant increase in delivery volume, rising by 320.63% compared to the 5-day average. Despite a 12.30% decline over the past month, the stock has shown positive performance year-to-date with a return of 10.79%. The company has reported strong financial results, including a 137.94% growth in net profit and consistent positive results over the last eight quarters, contributing to its attractive valuation and increased institutional investor participation.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has declined by 0.51% over the past week. While Mangalam Organics has shown resilience with a 2.77% gain in the same period, its long-term growth prospects are tempered by a significant annual decline in operating profit over the last five years. This mixed performance indicates that while the stock is currently rising due to strong recent results and increased investor interest, concerns about its long-term growth trajectory remain.