Why is Mangalore Chem. falling/rising?

As of 24-Jul, Mangalore Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs. 316.00, which reflects a decrease of Rs. 3.8 or 1.19%. Today's price summary indicates that the stock has underperformed its sector by 3.57% and has fallen after a streak of nine consecutive gains. It reached a new 52-week high of Rs. 325.1 earlier today but also touched an intraday low of Rs. 304.9, indicating volatility. Despite this decline, the stock has shown impressive returns over various periods, including a 158.91% increase over the past year and a staggering 799.00% over the last five years. Positive financial results, such as a 231.2% growth in PAT and a 171.76% increase in PBT, contribute to a strong long-term outlook, although the recent price movement suggests a potential trend reversal.
In the broader market context, Mangalore Chemicals & Fertilizers has outperformed the Sensex in both the short and long term, with a 1-week return of 11.64% compared to the Sensex's slight decline of 0.09%. This strong performance highlights the stock's resilience despite today's drop. The rising investor participation, evidenced by a 20.57% increase in delivery volume, suggests continued interest in the stock, which may support its price in the future. However, the recent price decline and underperformance against the sector could indicate profit-taking or market corrections after a significant rally, reflecting a complex interplay between strong fundamentals and short-term market dynamics.