Why is MRPL falling/rising?

As of 08-Aug, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at 125.05, reflecting a rise of 1.35 (1.09%). Today's performance indicates that the stock has outperformed its sector by 2.06% and has gained after three consecutive days of decline, reaching an intraday high of Rs 129, which is a 4.28% increase. However, despite this short-term gain, MRPL has shown a significant decline over the past month and year, with returns of -13.70% and -38.16%, respectively. The stock is currently trading below all its moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 34.54% against the five-day average. While the company has demonstrated healthy long-term growth in net sales and operating profit, it is also burdened by high debt and poor recent financial performance, which has contributed to its overall decline.
In the broader market context, MRPL's short-term return of +1.30% over the past week contrasts sharply with the Sensex, which has declined by 0.92%. This indicates that MRPL is currently outperforming the market in the short term, despite its longer-term struggles. The stock's significant underperformance over the past year, with a return of -38.16% compared to the Sensex's +1.23%, highlights the challenges MRPL faces in regaining investor confidence. The high debt-to-equity ratio and negative financial results further complicate its outlook, suggesting that while there may be short-term gains, the long-term trajectory remains uncertain.