Why is Mangalore Chem. falling/rising?

As of 29-Jul, Mangalore Chemicals & Fertilizers Ltd is experiencing a significant rise in its stock price, currently at Rs 354.25, reflecting an increase of Rs 30.85 or 9.54%. The stock has recently hit a new 52-week high of Rs 365.25 and has outperformed its sector by 6.91%. Over the past week, the stock has gained 15.41%, and in the last month, it has surged by 31.47%. The company has shown strong financial performance, with positive results for the last three consecutive quarters, including a high operating profit to interest ratio and a low debt-equity ratio, which have contributed to investor confidence and the stock's upward movement.
In the broader market context, while Mangalore Chemicals has shown impressive short-term returns, the benchmark Sensex has declined by 1.03% over the past week. This stark contrast highlights the stock's strong performance relative to the market. Additionally, the fertilizer sector itself has gained by 2.5%, indicating a favorable environment for the company. The rising investor participation, evidenced by a 20.71% increase in delivery volume, further supports the stock's positive momentum, suggesting that investors are increasingly confident in Mangalore Chemicals' prospects.