Why is MRPL falling/rising?

As of 11-Jul, Mangalore Refinery & Petrochemicals Ltd. is experiencing a decline in its stock price, currently at Rs 142.00, which reflects a decrease of Rs 3.5 or 2.41%. The stock has underperformed its sector by 1.07% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.27% during this period. Over the past week, the stock has dropped by 5.96%, and its year-to-date performance shows a decrease of 4.28%. Despite a healthy long-term growth in net sales and operating profit, the stock has suffered a significant drop of 41.31% over the past year, with profits plummeting by 98.4%. The company's high debt levels and poor recent financial performance, including a low return on capital employed (ROCE) and a substantial decline in profit after tax, contribute to the negative sentiment surrounding the stock.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has shown a slight decline of only 1.12% over the past week and a positive return of 5.58% year-to-date. This stark contrast highlights the stock's struggles, particularly as it has underperformed the market significantly over the last year while the broader market has generated returns of 0.52%. The falling investor participation, indicated by a 71.97% drop in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors. Overall, the combination of high debt, poor recent financial results, and underperformance relative to the market has led to the stock's current decline.