Why is B P C L falling/rising?

As of 04-Jul, Bharat Petroleum Corporation Ltd's stock price is rising, currently at 346.30, reflecting an increase of 15.05 or 4.54%. Today's performance indicates that the stock has outperformed its sector by 3.59% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 347.5, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent drop in investor participation, as evidenced by a decline in delivery volume, the stock's high dividend yield of 4.68% and strong management efficiency, with a return on capital employed (ROCE) of 15.97%, contribute positively to its valuation. Additionally, the stock has demonstrated healthy long-term growth, with an annual operating profit increase of 33.57%, although it has faced a significant profit decline of 49.7% over the past year.
In the broader market context, BPCL's short-term return of +3.98% over the past week stands in stark contrast to the Sensex, which has decreased by 0.74%. This indicates that BPCL is not only performing well relative to its sector but also significantly outpacing the broader market. Furthermore, the stock has shown strong performance over longer periods, outperforming the BSE500 in the last three years, one year, and three months. The high institutional holdings at 37.76% suggest that knowledgeable investors are confident in the company's fundamentals, further supporting the stock's upward movement.