Why is Meghmani Organi. falling/rising?

As of 15-Sep, Meghmani Organics Ltd is experiencing a price increase, currently at Rs 83.06, reflecting a rise of Rs 2.66 or 3.31%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 1.81%. It reached an intraday high of Rs 84, marking a 4.48% increase. Over the past week, the stock has risen by 3.14%, although it has seen a slight decline of 0.59% over the past month. The company has reported strong financial results, with significant growth in profit before tax and profit after tax, contributing to a favorable valuation compared to peers. However, the stock has underperformed over the past year, with a return of -21.20%, despite a notable increase in profits.
In the broader market context, the stock's short-term performance of +3.14% over the past week contrasts with the Sensex's gain of 1.24% during the same period, indicating a stronger recovery relative to the benchmark. Despite this positive short-term movement, the stock has consistently underperformed against the benchmark over the last three years, raising concerns among investors. The lack of domestic mutual fund investment, which stands at 0%, may reflect a lack of confidence in the company's long-term prospects, particularly given its weak long-term fundamental strength and low profitability metrics.