Why is Mangalore Chem. falling/rising?

As of 24-Sep, Mangalore Chemicals & Fertilizers Ltd is experiencing a price increase, currently at Rs 328.00, which reflects a rise of Rs 10.55 or 3.32%. The stock has shown a strong performance today, outperforming its sector by 3.32%. It reached an intraday high of Rs 333.85, representing a 5.17% increase, although it also saw a low of Rs 310.9, indicating some volatility. Over the past week, the stock has gained 7.51%, significantly outperforming the Sensex, which declined by 1.18%. The company has reported positive results for the last three consecutive quarters, with strong operating profit metrics and a low debt-equity ratio, which likely contributes to investor confidence and the recent price rise. Additionally, institutional investors have increased their stake, indicating a positive outlook from more sophisticated market participants.
In the broader market context, while Mangalore Chemicals has shown a robust year-to-date return of 113.33% and a remarkable 161.15% return over the past year, the overall market, as represented by the Sensex, has only increased by 4.58% in the same timeframe. This stark contrast highlights the stock's strong performance relative to the benchmark. Furthermore, the stock's recent rise in price amidst a general decline in the market suggests that specific company factors, such as improved financial performance and increased institutional interest, are driving its upward momentum, distinguishing it from broader market trends.