Why is B P C L falling/rising?

As of 21-Jul, Bharat Petroleum Corporation Ltd's stock price is currently at 343.40, reflecting a slight increase of 0.05 or 0.01%. The stock has shown a trend reversal by gaining after three consecutive days of decline and has outperformed its sector by 2.28%. Over the past month, the stock has risen by 9.62%, while year-to-date, it has increased by 17.46%. Despite a recent drop in investor participation, indicated by a 23.81% decrease in delivery volume, the stock maintains a high dividend yield of 4.51%. The company's strong management efficiency, with a return on capital employed (ROCE) of 15.97%, and consistent returns over the last three years contribute positively to its valuation, which is attractive compared to peers.
In the broader market context, the stock's short-term performance over the past week shows a decline of 0.23%, while the benchmark Sensex has only decreased by 0.06%. This indicates that BPCL is underperforming the market slightly in the short term. However, its long-term growth prospects remain healthy, with an operating profit growth rate of 33.57% annually and a solid return of 13.03% over the past year, despite a significant profit drop of 49.7%. The high institutional holdings at 37.76% suggest that knowledgeable investors are backing the stock, which may provide some stability amidst the fluctuations in the sector, where oil exploration/refineries have seen a decline of 2.27%.