Why is MRPL falling/rising?

As of 26-Jun, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 142.70, reflecting a rise of 1.45 (1.03%). Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 145.1. However, it has underperformed its sector by 0.92%. In terms of returns, MRPL has shown a positive performance of 8.11% over the past week, while its one-month return is slightly positive at 0.53%. Despite this, the stock has a negative year-to-date return of -3.81% and a significant decline of -34.72% over the past year, indicating challenges in maintaining investor confidence. The company's long-term growth potential is supported by a healthy annual growth rate in net sales and operating profit, but it faces headwinds due to a high debt-to-equity ratio and declining profits.
Broader market context shows that while MRPL has outperformed the benchmark Sensex in the short term, its long-term performance remains concerning, especially with a year-over-year return significantly lower than the benchmark's 6.46%. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume suggests waning investor participation. Overall, despite some positive indicators, the high debt levels and recent poor financial performance weigh heavily on MRPL's stock, contributing to its mixed outlook in the market.