Why is Meghmani Organi. falling/rising?

As of 15-Oct, Meghmani Organics Ltd is currently priced at 80.50, reflecting an increase of 0.8 (1.0%). The stock has shown a trend reversal by gaining after seven consecutive days of decline, outperforming its sector by 0.92% today. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.95%, and over the last month, it has fallen by 3.08%. However, the company has reported positive results for the last four consecutive quarters, with significant growth in profit before tax and net sales, which may be contributing to the recent uptick in price.
Broader market context indicates that while Meghmani Organics has underperformed against the benchmark Sensex in the long term, it has shown a slight improvement in investor participation, with a 30.49% increase in delivery volume on October 14. The stock's year-to-date return stands at +4.65%, which is lower than the Sensex's +5.72%. Despite the recent positive developments, the stock has a history of underperformance, with a significant decline of -24.70% over the past year and a weak long-term fundamental strength, as indicated by a -23.50% CAGR growth in operating profits over the last five years. This mixed performance suggests that while there are some positive indicators, the overall sentiment may still be cautious among investors.