Why is MRPL falling/rising?

As of 23-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at 155.65, reflecting a rise of 10.85 or 7.49%. The stock has outperformed its sector by 6.76% today and has shown consecutive gains over the last two days, accumulating a total return of 11.58% during this period. Additionally, MRPL is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a significant decline of 23.68% over the past year, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 14.40% and operating profit at 16.10%. However, the stock's profitability has suffered, with profits falling by 110.8%, which may temper investor enthusiasm.
In the broader market context, MRPL's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.11% over the past week, while MRPL has risen by 5.88%. This strong relative performance suggests that investor sentiment towards MRPL is currently positive, likely driven by rising investor participation, as evidenced by a 60.72% increase in delivery volume compared to the 5-day average. The stock's liquidity also supports trading activity, with a value of Rs 1.74 crore based on 2% of the 5-day average traded value. Overall, while MRPL faces challenges with profitability, its recent price movement reflects positive investor sentiment and strong short-term performance relative to the market.