Why is Meghmani Organi. falling/rising?

As of 25-Aug, Meghmani Organics Ltd is experiencing a decline in its stock price, currently at 85.70, reflecting a decrease of 1.23 or 1.41%. The stock has underperformed its sector today by 1.59%, and while it is above the 5-day, 100-day, and 200-day moving averages, it is below the 20-day and 50-day moving averages. The stock has shown mixed performance over various periods, with a 1-week increase of 2.39% but a significant 1-month decline of 9.04%. Despite positive financial results over the last four quarters, including a 189.8% growth in profit before tax and a 121.3% increase in profits over the past year, the stock's long-term fundamentals are weak, evidenced by a -23.50% CAGR growth in operating profits over the last five years and low profitability per unit of shareholders' funds.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating -15.98% returns in the past year compared to a 0.68% increase in the benchmark. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation or business prospects. While the stock has shown some short-term resilience, the overall trend suggests that investor sentiment remains cautious, contributing to its current decline.