Why is B P C L falling/rising?

As of 07-Jul, Bharat Petroleum Corporation Ltd's stock price is currently at 350.45, reflecting an increase of 4.15, or 1.2%. The stock has shown strong performance recently, gaining 5.8% over the last two days and outperforming its sector by 0.6%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the stock has delivered impressive returns of 10.67% over the past month and 19.87% year-to-date, significantly outpacing the Sensex, which has only increased by 1.53% and 6.79% in the same periods, respectively. The high dividend yield of 4.48% and strong management efficiency, evidenced by a high ROCE of 15.97%, further contribute to the stock's attractiveness.
In the broader market context, Bharat Petroleum's stock has consistently outperformed the BSE500 index over various time frames, including the last three years and one year, where it generated a return of 14.40%. This strong performance is supported by high institutional holdings at 37.76%, suggesting confidence from knowledgeable investors. However, it is important to note that the company has faced challenges, such as a significant decline in profits over the past year, which may temper some investor enthusiasm. Despite these risks, the overall positive indicators and recent price movements suggest that the stock is currently on an upward trajectory.