Why is B P C L falling/rising?

As of 10-Jul, Bharat Petroleum Corporation Ltd is experiencing a price increase, currently at 350.70, with a change of 0.85, representing a 0.24% rise. The stock has shown strong performance, outperforming its sector by 0.28% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 5.87%, and it has also demonstrated impressive returns over longer periods, including a 19.96% rise year-to-date and a 16.76% increase over the past year. The company benefits from a high dividend yield of 4.43% and strong institutional holdings at 37.76%, indicating confidence from larger investors. However, it is worth noting that while the stock has performed well, its profits have decreased by 49.7% over the past year, which could be a concern for some investors.
In the broader market context, Bharat Petroleum's recent performance stands in contrast to the Sensex, which has seen a slight decline of 0.06% over the past week. The stock's ability to outperform the benchmark reflects its strong management efficiency, with a high return on capital employed (ROCE) of 15.97% and healthy long-term growth in operating profit. Despite some negative factors, such as a flat PAT growth and a low debtors turnover ratio, the overall market-beating performance in both the short and long term suggests that investor sentiment remains positive towards Bharat Petroleum, contributing to its rising stock price.