Why is MRPL falling/rising?

As of 27-Jun, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at 143.60, reflecting a change of 0.9 or 0.63% upward. The stock has shown a consecutive gain over the last two days, rising by 1.52%. However, it has underperformed its sector by 0.57% today, and the delivery volume has decreased by 24.02% compared to the 5-day average, indicating falling investor participation. Over the past week, MRPL has outperformed the benchmark Sensex with a return of 6.17% compared to the Sensex's 2.00%, but it has underperformed over the last month and year-to-date, with returns of 1.77% and -3.20%, respectively. The stock's long-term growth potential is supported by a healthy annual growth rate in net sales and operating profit, but it faces challenges due to a significant decline in profits over the past year.
Broader Market Context: The broader market context shows that while MRPL has had a strong performance in the short term compared to the Sensex, it has significantly underperformed over the last year, with a return of -32.88% against the Sensex's 6.08%. This underperformance is compounded by high debt levels, as indicated by a debt-to-equity ratio of 2.46, and flat results in recent financial periods. Despite attractive valuations and a trading discount compared to peers, the stock's high debt and declining profitability may weigh on investor sentiment, contributing to its mixed performance in the market.