Why is Meghmani Organi. falling/rising?

As of 10-Sep, Meghmani Organics Ltd is currently priced at 81.30, reflecting an increase of 0.33 or 0.41%. The stock has shown a positive trend recently, gaining for the last four consecutive days with a total return of 2.14% during this period. However, it is important to note that the stock has underperformed in the longer term, with a decline of 24.48% over the past year and a significant drop of 37.07% over the last three years. The company has reported positive results for the last four quarters, with notable growth in profit before tax and net sales, which may contribute to the recent uptick in stock price. Despite these positive indicators, the stock's performance is tempered by weak long-term fundamentals and low investor participation, as evidenced by a 59.77% drop in delivery volume compared to the five-day average.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 1.81% over the past week while the Sensex has increased by 1.06%. This underperformance against the benchmark highlights the challenges faced by Meghmani Organics Ltd, particularly given its consistent negative returns over the past year and three years. Additionally, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's future prospects, further complicating its position in the market. Overall, while recent gains may suggest a temporary rebound, the underlying issues of long-term profitability and market perception continue to pose significant challenges for the stock.