Why is Mangalore Chem. falling/rising?

As of 04-Sep, Mangalore Chemicals & Fertilizers Ltd is experiencing a slight increase in its stock price, currently at 350.55, with a change of 0.9 (0.26%) up. The stock has shown a performance today that outperformed its sector by 1.52%, indicating a positive shift after two consecutive days of decline. Additionally, the stock has demonstrated strong long-term performance, with a remarkable 170.90% return over the past year and a 931.03% return over the last five years. The company has also reported positive results for the last three consecutive quarters, with a significant growth in profit after tax and a low debt-equity ratio, which may contribute to investor confidence and support the recent price movement.
In the broader market context, the stock's short-term return of +1.13% over the past week has outperformed the Sensex, which increased by only +0.80%. This suggests that Mangalore Chemicals & Fertilizers Ltd is gaining traction compared to the overall market. Furthermore, the increasing participation of institutional investors, who have raised their stake in the company, reflects a positive outlook on its fundamentals, potentially influencing retail investor sentiment as well. Overall, the combination of strong financial performance, positive investor sentiment, and a favorable comparison to the benchmark has contributed to the stock's recent upward movement.