Why is Mangalore Chem. falling/rising?

As of 23-Sep, Mangalore Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at Rs 317.45, down by Rs 3.6 or 1.12%. The stock has underperformed its sector by 0.53% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 309.5, reflecting a decrease of 3.6%. Despite this short-term decline, the stock has shown strong performance over the longer term, with a remarkable 149.67% return over the past year and a staggering 1002.26% increase over the last five years. The company has reported positive results for the last three consecutive quarters, with a high operating profit to interest ratio and a low debt-equity ratio, which may support investor confidence.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the past week. While Mangalore Chemicals has outperformed the benchmark in the long term, the recent drop in price may be influenced by market dynamics and profit-taking after a period of strong gains. Additionally, the increasing participation of institutional investors, who have raised their stake in the company, suggests a positive outlook from more sophisticated market players, potentially stabilizing the stock in the future despite its current downturn.