Why is B P C L falling/rising?

As of 27-Jun, Bharat Petroleum Corporation Ltd's stock price is rising, currently at 333.05, reflecting an increase of 3.45 (1.05%). The stock has been gaining for the last four days, with a total return of 6.35% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock has a high dividend yield of 4.7%, and there has been a significant increase in investor participation, with delivery volume rising by 98.92% against the 5-day average. Despite a decline in profits over the past year, the company maintains a high return on capital employed (ROCE) of 15.97% and is trading at a discount compared to its peers, which contributes positively to its valuation.
In the broader market context, Bharat Petroleum's short-term performance has outpaced the benchmark, with a 1-week return of 6.32% compared to the Sensex's 2.00%. This market-beating performance is indicative of strong investor confidence, particularly given the company's high institutional holdings at 37.76%, which suggests that knowledgeable investors are backing the stock. While there are concerns regarding flat results and a significant drop in profits, the overall positive sentiment driven by management efficiency and attractive valuations appears to be supporting the stock's upward movement.