Why is MRPL falling/rising?

As of 09-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 146.80, reflecting a rise of 1.9 (1.31%). The stock has shown a positive trend today, outperforming its sector by 2.45% and reversing a two-day decline. It reached an intraday high of Rs 150.75, indicating a strong performance within the day. However, despite this short-term gain, MRPL has underperformed over the past year with a significant decline of 37.06%, while its profits have fallen drastically by 98.4%. The company has healthy long-term growth prospects with net sales growing at an annual rate of 13.54% and operating profit at 17.30%, but it also faces challenges such as high debt levels and a low return on capital employed (ROCE) of 3.6.
In the broader market context, MRPL's recent performance contrasts with the benchmark Sensex, which has only increased by 0.15% over the past week. While MRPL has gained 1.80% in the same period, its year-to-date performance remains negative at -1.04%, significantly lagging behind the Sensex's 6.91% increase. The stock's liquidity appears adequate for trading, but a notable decline in delivery volume suggests falling investor participation, which could impact future price movements. Overall, while MRPL is currently rising, its long-term outlook remains clouded by substantial debt and underperformance relative to the market.