Why is MRPL falling/rising?

As of 11-Nov, Mangalore Refinery & Petrochemicals Ltd. (MRPL) is experiencing a price increase, currently at Rs 178.40, reflecting a rise of Rs 7.75 or 4.54%. The stock has shown strong performance today, outperforming its sector by 4.03% and reaching an intraday high of Rs 179.8, which is a 5.36% increase. Over the past week, MRPL has gained 1.42%, and in the last month, it has surged by 24.06%, significantly outpacing the Sensex, which only increased by 1.66%. The company has demonstrated healthy long-term growth, with net sales rising at an annual rate of 17.62% and operating profit at 21.68%. Additionally, MRPL's operating profit to interest ratio is the highest at 6.79 times, and it holds substantial cash reserves, indicating strong financial health.
In the broader market context, MRPL's recent performance is notably stronger than the benchmark, as it has outperformed the Sensex in various time frames, including a 230.68% increase over the past three years compared to the benchmark's 35.73%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 49.01% against the 5-day average, which could indicate a potential concern for future trading activity. Despite this, MRPL's attractive valuation, trading at a discount compared to its peers, and consistent returns over the past three years contribute positively to its stock price movement.