Why is MRPL falling/rising?

As of 18-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 149.20, reflecting a rise of Rs 2.2 or 1.5%. The stock has shown strong performance today, outperforming its sector by 1.54% and reaching an intraday high of Rs 150.2. Over the past week, MRPL has gained 5.07%, and over the past month, it has increased by 10.07%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 15.48% compared to the 5-day average. However, despite the recent gains, the stock has a one-year return of -34.89%, with profits having fallen significantly by 98.4%.
In the broader market context, MRPL's short-term performance is significantly better than the benchmark Sensex, which has declined by 0.90% over the past week. While MRPL has shown healthy long-term growth with net sales increasing at an annual rate of 13.54% and operating profit at 17.30%, it is trading at a discount compared to its peers' average historical valuations. This attractive valuation, combined with the majority ownership by promoters, may contribute to investor confidence, despite the stock's poor performance over the past year. The liquidity of the stock, being sufficient for trades of Rs 0.6 crore, further supports its recent upward movement.