Why is MRPL falling/rising?

As of 24-Jun, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a decline in its stock price, currently at Rs 141.65, which reflects a decrease of 4.0 points or 2.75%. The stock has underperformed its sector by 2.28% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 141.3, indicating a significant drop. Over the past week, MRPL has shown a return of +2.94%, but it has struggled in the longer term with a year-to-date return of -4.52% and a staggering -36.95% over the past year. The company has healthy long-term growth prospects with net sales growing at an annual rate of 13.54%, but it faces challenges such as a high debt-to-equity ratio of 2.46 times and a significant drop in profits by 98.4% over the past year, which negatively impacts investor sentiment.
In the broader market context, MRPL's recent performance contrasts with the benchmark Sensex, which has gained 0.58% over the past week. While MRPL's short-term performance has been positive, its long-term returns have significantly lagged behind the benchmark, which has increased by 5.01% year-to-date. This underperformance, coupled with flat results in recent financial periods and a low return on capital employed (ROCE) of 3.6, suggests that investors are cautious. The liquidity of the stock remains adequate, with a notable increase in delivery volume, but the overall negative sentiment surrounding its high debt and declining profits continues to weigh on its stock price.