Why is Mangalore Chem. falling/rising?

As of 23-Oct, Mangalore Chemicals & Fertilizers Ltd is experiencing a decline in its stock price, currently at 313.40, which reflects a decrease of 8.25 points or 2.56%. The stock has underperformed its sector by 2.06% today and has been on a downward trend for the last two days, accumulating a total loss of 2.6%. Despite opening with a gain of 2.49% and reaching an intraday high of Rs 329.65, it fell to a low of Rs 311.05. Over the past week, the stock has decreased by 2.34%, while its performance over the last month shows a decline of 1.28%. However, it has shown remarkable growth year-to-date with a return of 103.84% and an impressive 141.26% increase over the past year, significantly outperforming the broader market.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.30% over the past week and 2.99% over the last month. The decline in Mangalore Chemicals' stock price may be attributed to falling investor participation, as evidenced by an 87.42% drop in delivery volume compared to the 5-day average. Although institutional investors have increased their stake by 0.74% and the company has reported positive financial results, including a 40.4% growth in PAT and a strong operating profit to interest ratio, the current market sentiment appears to be weighing on the stock's performance.