Why is MRPL falling/rising?

As of 22-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 144.80, reflecting a rise of 5.3 or 3.8%. Today's price summary indicates that the stock outperformed its sector by 4.48%, reaching an intraday high of Rs 146.9. Additionally, the stock has shown a positive return of 7.06% over the past month, although it has a year-to-date decline of 2.39% and a significant one-year drop of 32.65%. Despite these negative longer-term trends, the stock's recent performance is bolstered by healthy long-term growth metrics, with net sales increasing at an annual rate of 14.40% and operating profit at 16.10%. However, it is important to note that the stock has faced challenges, including a substantial profit decline of 110.8% over the past year.
In the broader market context, MRPL's short-term performance has been relatively better than the benchmark Sensex, which has declined by 0.47% over the past week while MRPL has fallen by only 0.69%. This suggests that MRPL is showing some resilience compared to the overall market. The stock's liquidity appears adequate, with a delivery volume increase of 148.08% against the five-day average, indicating rising investor participation. Despite the stock trading at a discount compared to its peers, the significant drop in profits over the past year remains a concern that could impact future performance.