Why is MRPL falling/rising?

As of 01-Aug, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a decline in its stock price, currently at Rs 123.45, which reflects a decrease of Rs 2.75 or 2.18%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 20.69% during this period. Additionally, MRPL's performance over the past week shows a drop of 12.29%, while its one-month return is down by 13.58%. The stock is trading below all its moving averages, indicating a bearish trend. Furthermore, the delivery volume has decreased by 31.61% compared to the five-day average, suggesting falling investor participation. Despite healthy long-term growth in net sales and operating profit, the stock's profits have plummeted by 110.8% over the past year, contributing to its negative performance.
In the broader market context, MRPL's performance has been notably worse than the benchmark, with a one-year return of -44.24% compared to the Sensex's decline of only 1.55%. This stark contrast highlights the stock's struggles relative to the market. The company's high debt levels, reflected in a debt-to-equity ratio of 2.46, and poor recent financial results, including a significant drop in profit before tax and profit after tax, further exacerbate its challenges. While the stock is trading at a discount compared to its peers, the overwhelming negative factors, including high debt and substantial profit declines, are driving investor sentiment downward, leading to the current price drop.