Why is Multi Comm. Exc. falling/rising?

As of 15-Jul, Multi Commodity Exchange of India Ltd is experiencing a price increase, currently at 8,320.95, reflecting a rise of 95.95 or 1.17%. The stock has shown a positive performance today, outperforming its sector by 0.36% and has gained consecutively over the last two days, accumulating a total return of 3.32% in this period. Despite a recent decline of 2.09% over the past week, the stock has demonstrated strong long-term growth with a remarkable 113.92% return over the last year. The company's fundamentals are robust, highlighted by a significant increase in net sales and profit after tax, alongside high institutional holdings which have risen by 0.52% in the previous quarter.
In the broader market context, while the stock has outperformed the benchmark Sensex over various time frames, including a 10.10% increase over the past month compared to the Sensex's 1.79%, it is important to note that the stock's recent short-term performance has been slightly weaker than the benchmark, which has declined by 1.36% over the past week. This indicates that despite the stock's strong long-term fundamentals and positive investor sentiment, there may be some short-term volatility affecting its performance relative to the broader market.