Why is Mangalore Chem. falling/rising?

As of 21-Aug, Mangalore Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 356.50, which reflects a decrease of Rs 3.5 or 0.97%. Despite this recent drop, the stock has shown strong performance over the past week, gaining 4.39%, and has significantly outperformed the benchmark Sensex, which rose only 1.74%. The stock is currently trading close to its 52-week high, just 4.66% away from Rs 373.1. However, it has underperformed its sector today by 1.21% and is experiencing a trend reversal after three consecutive days of gains. Notably, the stock is trading above its moving averages across various timeframes, indicating a generally positive trend, and there has been a notable increase in investor participation, with delivery volume rising by 54.46% compared to the five-day average.
In the broader market context, Mangalore Chemicals & Fertilizers Ltd has demonstrated exceptional long-term performance, with a year-to-date return of 131.87% and a staggering 166.64% return over the past year, significantly surpassing the Sensex's 4.94% increase during the same period. This strong performance has attracted institutional investors, who have increased their stake by 0.74% in the last quarter, indicating confidence in the company's fundamentals. The company's positive financial results over the past three quarters, including a 59.30% growth in profit after tax and a low debt-equity ratio, further support its resilience. However, the recent price decline may reflect profit-taking after a strong rally, as well as the stock's underperformance relative to its sector on the day of analysis.