Why is Mangalam Organic falling/rising?

As of 01-Sep, Mangalam Organics Ltd's stock price is rising, currently at 575.00, reflecting an increase of 11.0 or 1.95%. The stock has shown a positive trend recently, gaining 3.85% over the last two days, despite touching an intraday low of Rs 551 earlier in the day. In terms of performance, the stock has outperformed its sector by 1.15%. Over the past month, it has generated a return of 19.82%, while the stock's performance over the last year has yielded a return of 7.29%, significantly better than the Sensex, which has declined by 2.43%. The company has reported strong financial results, including a 137.94% growth in net profit and consistent positive results over the last eight quarters, which has likely contributed to the stock's upward movement.
In the broader market context, while the BSE500 index has experienced negative returns of -4.75% over the past year, Mangalam Organics has managed to deliver positive returns, indicating strong market-beating performance. The stock's recent gains can also be attributed to increased participation from institutional investors, who have raised their stake by 1.36% in the last quarter, suggesting confidence in the company's fundamentals. However, it is important to note that there are risks associated with the stock, particularly concerning its long-term growth potential, as operating profit has declined at an annual rate of -20.94% over the last five years.