Why is Mangalam Organic falling/rising?

As of 29-Aug, Mangalam Organics Ltd's stock price is currently at Rs 564.00, reflecting an increase of Rs 10.3 or 1.86%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and it reached an intraday high of Rs 570, marking a 2.94% increase during the day. Despite a recent 7.39% decline over the past week, the stock has performed well over the past month with a 19.95% increase. The company has reported very positive financial results, including a 137.94% growth in net profit and consistent positive results for the last eight quarters, which have contributed to its attractive valuation. However, there is a concern regarding falling investor participation, as delivery volume has decreased significantly.
Broader market context indicates that while the stock has outperformed the sector by 2.31% today, it has still faced challenges in the longer term, with a 5.22% return over the past year compared to a negative return of -5.40% for the broader market (BSE500). This performance highlights the stock's resilience in a declining market environment. Additionally, the increase in institutional investor participation, which has risen by 1.36% in the previous quarter, suggests a growing confidence in the company's fundamentals, further supporting the stock's recent upward movement.