Why is MRPL falling/rising?

As of 15-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 145.80, reflecting a rise of 4.2 or 2.97%. Today's performance indicates that the stock has outperformed its sector by 2.74% and has gained after three consecutive days of decline, reaching an intraday high of Rs 146.1. Despite a year-to-date decline of 1.72% and a significant drop of 39.46% over the past year, MRPL has shown positive growth in net sales and operating profit, with annual growth rates of 13.54% and 17.30%, respectively. However, the company faces challenges, including a high debt-to-equity ratio and a substantial decrease in profits over the past year, which have contributed to its underperformance relative to the market.
In the broader market context, MRPL's short-term return of 0.62% over the past week contrasts sharply with the Sensex's decline of 1.36%, indicating a relative strength in the stock despite its long-term struggles. While the stock has outperformed the sector recently, it has still underperformed the market over the past year, where the BSE500 has generated a return of 0.37%. The liquidity of the stock remains sufficient for trading, but a notable decline in delivery volume suggests a potential decrease in investor participation, which could impact future price movements.