Why is MRPL falling/rising?

As of 29-Oct, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 159.40, reflecting a rise of Rs 6.5 or 4.25%. The stock has shown strong performance today, outperforming its sector by 2.51% and achieving a consecutive gain over the last three days with a total return of 9.82%. It reached an intraday high of Rs 163.4, indicating positive momentum. Additionally, MRPL has demonstrated impressive returns over various periods, including an 18.69% increase over the last month and a remarkable 181.13% over the past three years. The company's financial health is underscored by significant growth in net sales and operating profit, alongside a high operating profit to interest ratio and substantial cash reserves, which contribute to its attractive valuation.
In the broader market context, MRPL's short-term performance of +5.95% over the past week significantly outpaces the Sensex's gain of +0.68%, highlighting its strong relative strength. This performance is further supported by rising investor participation, as indicated by a 16.84% increase in delivery volume compared to the five-day average. However, it is important to note the risks associated with MRPL, particularly its high debt levels, with a debt-to-equity ratio averaging 2.29 times, which could impact its long-term stability. Despite this, the stock's consistent returns and ability to outperform benchmarks over the last three years suggest a resilient position in the market.