Why is Mangalore Chem. falling/rising?

As of 23-Jul, Mangalore Chemicals & Fertilizers Ltd is experiencing a price increase, currently at Rs. 319.80, which reflects a rise of Rs. 12.85 or 4.19%. The stock has recently hit a new 52-week and all-time high of Rs. 323.85, showing strong performance with a 19.93% increase over the last nine days. It has outperformed its sector by 4.23% today and is trading above all key moving averages, indicating a bullish trend. Additionally, the company has reported significant growth in its financials, 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. This strong financial performance, combined with a market-beating return of 160.53% over the past year, supports the stock's upward movement.
In the broader market context, Mangalore Chemicals & Fertilizers Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.11% over the past week, while the stock itself has risen by 13.02%. This stark contrast highlights the stock's strong momentum relative to the market. The rising investor participation, evidenced by a 62.92% increase in delivery volume, further indicates growing confidence among investors, contributing to the stock's positive trajectory. Overall, the combination of robust financial results, consistent price gains, and favorable market conditions has led to the stock's rising price.