Why is Mangalore Chem. falling/rising?

As of 13-Aug, Mangalore Chemicals & Fertilizers Ltd is experiencing a slight increase in its stock price, currently at 345.90, with a change of 1.4 (0.41%) upward. The stock opened with a gain of 2.1% today, reaching an intraday high of Rs 351.75, although it also touched a low of Rs 337.35 during the day. The stock has shown strong performance over the long term, with a remarkable 161.16% return over the past year and a 27.29% increase over the last month. Positive factors contributing to this rise include the company's consistent positive results over the last three quarters, a significant growth in profit after tax, and a low debt-equity ratio. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, the stock has outperformed the benchmark Sensex, which has seen a negligible change of -0.01% over the past week, while Mangalore Chemicals has declined by 4.96% in the same period. However, the stock's performance remains strong compared to the benchmark over longer periods, outperforming the BSE500 in the last three years, one year, and three months. Despite a recent drop in investor participation, the overall liquidity remains sufficient for trading, which may support continued interest in the stock.