Why is Mangalore Chem. falling/rising?

As of 04-Aug, Mangalore Chemicals & Fertilizers Ltd is experiencing a slight decline in its stock price, currently at Rs 357.90, reflecting a decrease of Rs 1.1 or 0.31%. The stock recently hit a new 52-week high of Rs 373.1, indicating strong performance, but has fallen after two consecutive days of gains. Despite this recent dip, the stock has shown impressive returns, with a 31.90% increase over the past month and a remarkable 165.31% rise over the last year. The company's positive financial results over the last three quarters, including a high operating profit to interest ratio and a low debt-equity ratio, have contributed to its strong performance. Additionally, increasing participation from institutional investors, who now hold 10.46% of the company, suggests confidence in its fundamentals.
In the broader market context, Mangalore Chemicals & Fertilizers Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.16% over the past week, while the stock itself has surged by 10.67%. This strong relative performance highlights the company's resilience and attractiveness to investors, despite the recent price decline. However, a notable drop in delivery volume by 55.02% against the 5-day average indicates a potential decrease in investor participation, which could be a factor in the stock's current price movement. Overall, while the stock has shown strong long-term performance, the recent price drop may be influenced by short-term fluctuations in trading volume and investor sentiment.