Why is Mangalore Chem. falling/rising?

As of 16-Sep, Mangalore Chemicals & Fertilizers Ltd is experiencing a price increase, currently at 307.30, with a change of 1.25 (0.41%) upward. Despite this recent uptick, the stock has underperformed its sector by 0.92% today and has seen a decline of 5.24% over the past week and 10.26% over the past month. However, the stock has gained after three consecutive days of decline, indicating a potential trend reversal. The stock's delivery volume has decreased significantly, falling by 47.59% against the 5-day average, suggesting a drop in investor participation. Nevertheless, the company has shown strong fundamentals, with positive results over the last three quarters, including a 59.30% growth in PAT and a low debt-equity ratio of 0.70 times, which may support its price stability.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has increased by 1.58% over the past week. While Mangalore Chemicals has generated impressive returns of 138.31% over the past year, outperforming the benchmark, its short-term performance has lagged behind. The increase in institutional investor participation, with a 0.74% rise in their stake, may also provide a buffer against volatility, as these investors typically have more resources to analyze the company's fundamentals. Overall, while the stock is currently rising, its recent underperformance in the short term compared to the benchmark indicates a mixed outlook.