Why is Mangalore Chem. falling/rising?

As of 21-Jul, Mangalore Chemicals & Fertilizers Ltd is experiencing a price increase, currently at Rs. 302.70, which reflects a rise of Rs. 16.7 or 5.84%. The stock has recently hit a new 52-week and all-time high of Rs. 310, demonstrating strong performance with a 14.38% gain over the last seven days. It has outperformed its sector by 5.51% today and is trading above all key moving averages. The company has shown impressive growth in its financial results, with a 171.76% increase in profit before tax and a 231.2% increase in profit after tax for the latest quarter, alongside a 22.04% growth in net sales over the last six months. However, there is a slight decline in investor participation, as indicated by a marginal drop in delivery volume.
In the broader market context, Mangalore Chemicals & Fertilizers Ltd has significantly outperformed the benchmark Sensex, with a 9.42% return over the past week compared to a negligible change in the index. The stock has also shown remarkable long-term performance, generating a 143.43% return over the past year, far exceeding the Sensex's 1.98% increase. This consistent outperformance in both short-term and long-term metrics highlights the stock's strong market position and investor confidence, contributing to its rising price.