Why is MRPL falling/rising?

As of 24-Jul, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a decline in its stock price, currently at Rs 151.40, which represents a decrease of Rs 4.25 or 2.73%. Today's performance indicates that the stock has underperformed its sector by 1.48% and has fallen after two consecutive days of gains, touching an intraday low of Rs 149.65. Despite this decline, MRPL has shown positive returns over the past week and month, with increases of 2.99% and 6.88%, respectively. However, the stock has faced significant challenges over the past year, generating a return of -30.47%, largely due to a substantial profit decline of 110.8%. The stock is trading at a discount compared to its peers, which may indicate attractive long-term growth potential, but the recent negative performance suggests investor caution.
In the broader market context, MRPL's short-term performance contrasts with the Sensex, which has remained relatively flat with a change of -0.09% over the past week. While MRPL has outperformed the benchmark in the short term, the overall year-to-date performance shows that the stock has lagged behind the Sensex, which has gained 5.18%. The rising investor participation, indicated by a significant increase in delivery volume, suggests some underlying interest in the stock, but the recent price drop and negative annual returns may be causing hesitation among investors.