Why is Mangalore Chem. falling/rising?

As of 17-Sep, Mangalore Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 305.10, which reflects a decrease of Rs 2.2 or 0.72%. The stock has underperformed its sector by 1.83% today, despite reaching an intraday high of Rs 313.5 earlier in the day. Over the past week, the stock has seen a significant drop of 6.92%, while its year-to-date performance remains strong with a remarkable increase of 98.44%. Positive financial results over the last three quarters, including a 59.30% growth in PAT and a low debt-equity ratio of 0.70 times, indicate a solid operational foundation. However, a notable decline in investor participation, with delivery volume falling by 44.38% against the 5-day average, may be contributing to the current price drop.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.56% over the past week. While Mangalore Chemicals has shown impressive long-term returns, outperforming the BSE500 over various periods, its short-term struggles highlight a disconnect with market trends. The increase in institutional investor participation, which has risen by 0.74% in the last quarter, suggests a positive outlook from more informed investors, yet this has not translated into immediate price stability. Overall, the combination of strong fundamentals and recent declines in trading activity may be creating a complex situation for the stock's price movement.