Why is MRPL falling/rising?

As of 29-Aug, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a slight increase in its stock price, currently at 122.00, reflecting a change of 0.2 or 0.16% upward. Despite this minor uptick, the stock has underperformed in the short term, with a 1-week return of -2.01% and a 1-month return of -7.08%. Today's performance indicates that MRPL has outperformed its sector by 1.77%, but it is trading below all its moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 36.74% compared to the 5-day average. The stock's long-term growth potential is supported by a healthy annual growth rate in net sales and operating profit, but it is overshadowed by a high debt-to-equity ratio of 2.46 and substantial losses reported in the latest quarter.
Broader market context shows that MRPL has significantly underperformed against the benchmark, with a 1-year return of -41.93% compared to the Sensex's -2.83%. This stark contrast highlights the challenges MRPL faces, particularly in light of its negative financial results, including a drastic fall in profit before tax and profit after tax. While the stock is trading at a discount compared to its peers, the high debt levels and poor recent performance have led to a lack of investor confidence, contributing to its overall decline in value over the past year.