Why is MRPL falling/rising?

As of 25-Jul, Mangalore Refinery & Petrochemicals Ltd. is experiencing a decline in its stock price, currently at Rs 140.75, which reflects a decrease of Rs 10.65 or 7.03%. The stock has underperformed its sector by 5.65% today and has been on a downward trend for the last two days, accumulating a total loss of 9.57% during this period. Additionally, the stock's performance over the past year shows a significant decline of 35.39%, while its profits have fallen drastically by 110.8%. Although 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%, the current valuation remains attractive compared to its peers, suggesting that the recent price drop may not reflect its long-term potential.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.66% compared to the Sensex's slight decline of 0.36%. This underperformance highlights the challenges MRPL faces in the current market environment, despite its liquidity being sufficient for trading and an increase in investor participation. The stock's moving averages indicate mixed signals, being higher than the 100-day and 200-day averages but lower than the shorter-term averages, which may contribute to investor uncertainty. Overall, while the company has solid fundamentals, the recent price decline appears to be influenced by short-term market pressures and declining profits.