Why is Meghmani Organi. falling/rising?

As of 14-Aug, Meghmani Organics Ltd is currently priced at 83.64, reflecting a slight increase of 0.16 (0.19%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed the benchmark Sensex over the past week, with a return of -4.15% compared to the Sensex's -0.03%. The stock is trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed momentum. Despite a recent drop in investor participation, the company has reported strong financial results over the last four quarters, with significant growth in profit before tax and profit after tax, contributing to a more attractive valuation relative to its peers.
In the broader market context, while the stock has generated a return of -4.13% over the past year, it has outperformed the sector today by 0.36%. The stock's long-term performance has been concerning, with a -23.50% CAGR growth in operating profits over the last five years and consistent underperformance against the benchmark. The lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's future prospects, despite its recent positive financial results. Overall, while there are positive indicators, the stock's recent performance and long-term fundamentals present a mixed outlook.