Why is Meghmani Organi. falling/rising?

As of 01-Sep, Meghmani Organics Ltd is currently priced at 81.99, reflecting a slight increase of 0.11 (0.13%). The stock has shown a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite today's performance, which outperformed its sector by 0.67%, the stock has experienced a significant decline of 13.10% over the past month and 18.45% over the past year. Positive factors include the company’s strong financial results over the last four quarters, with a notable 189.8% growth in profit before tax and a 121.3% increase in profits over the past year. However, the stock's long-term fundamentals are weak, with a -23.50% CAGR growth in operating profits over the last five years and a low return on equity, which may deter investor confidence.
In the broader market context, Meghmani Organics has underperformed the benchmark, with a 4.33% decline over the past week compared to a 1.56% drop in the Sensex. This consistent underperformance over the last three years, coupled with a lack of domestic mutual fund investment, suggests that institutional investors may not be confident in the stock's valuation or business prospects. While the stock has shown some positive short-term movement, the overall trend and long-term fundamentals indicate a challenging environment for recovery, reflecting broader market sentiments that may be cautious towards the stock.