Why is Meghmani Organi. falling/rising?

As of 03-Sep, Meghmani Organics Ltd is currently priced at 82.80, reflecting an increase of 0.29 (0.35%). The stock has been gaining for the last three days, with a total return of 1.12% during this period, despite underperforming its sector by 0.37% today. Over the past week, the stock has decreased by 2.29%, and it has shown a significant decline of 12.24% over the last month. However, the company has declared positive results for the last four consecutive quarters, with a notable growth in profit before tax and net sales, which may contribute to the recent price increase. Despite this, the stock has a weak long-term fundamental strength, evidenced by a -23.50% CAGR growth in operating profits over the last five years, which could be a concern for investors.
In the broader market context, while Meghmani Organics has generated a return of -21.44% over the past year, the benchmark Sensex has only declined by 2.41% during the same period, indicating consistent underperformance against the benchmark. The stock's liquidity appears sufficient for trading, with a delivery volume increase of 21.69% compared to the five-day average. Despite the attractive valuation and recent positive financial results, the lack of domestic mutual fund investment may suggest caution among institutional investors, further highlighting the stock's challenges in gaining broader market confidence.