Why is Meghmani Organi. falling/rising?

As of 02-Sep, Meghmani Organics Ltd is currently priced at 82.51, reflecting an increase of 0.52 or 0.63%. The stock has shown a positive performance today, outperforming its sector by 1.98% and marking a consecutive gain over the last two days with a total return of 0.77%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weaker trend. Despite a significant growth in profits and positive results over the last four quarters, the stock has underperformed in the long term, with a -21.12% return over the past year and a -32.92% return over the last three years, which may contribute to investor caution.
In the broader market context, while Meghmani Organics has outperformed the sector today, its short-term performance contrasts with the benchmark Sensex, which has seen a decline of only -0.78% over the past week. The stock's long-term underperformance against the benchmark, coupled with low domestic mutual fund interest, suggests a lack of confidence among institutional investors. This context, along with the company's weak long-term fundamental strength and declining investor participation, may be influencing the stock's recent price movements despite its positive quarterly results.