Why is MRPL falling/rising?

As of 04-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at 151.00, reflecting a rise of 3.7 or 2.51%. The stock has shown strong performance today, outperforming its sector by 1.56% and achieving consecutive gains over the last three days, with a total return of 5.71% during this period. Additionally, MRPL has touched an intraday high of Rs 154, and it is trading above its moving averages across various time frames. The stock's delivery volume has significantly increased, indicating rising investor participation. However, despite a year-to-date return of only 1.79%, the stock has faced a substantial decline of 30.46% over the past year, with profits dropping by 98.4%, which suggests underlying challenges despite its recent positive momentum.
In the broader market context, MRPL's short-term return of 5.15% over the past week contrasts sharply with the Sensex, which has declined by 0.74% during the same period. This indicates that MRPL is gaining traction relative to the overall market. While the stock has shown healthy long-term growth in net sales and operating profit, it is currently trading at a discount compared to its peers, which may attract investors looking for value. The majority ownership by promoters may also contribute to stability in the stock's performance. Overall, the combination of recent positive price movements, increased investor interest, and favorable comparisons to the benchmark suggests a rising sentiment around MRPL, despite its longer-term challenges.