Why is B P C L falling/rising?

As of 30-Jul, Bharat Petroleum Corporation Ltd's stock price is currently at 336.95, reflecting an increase of 2.95 (0.88%). The stock has been on an upward trend, gaining for the last three days and achieving a total return of 1.25% during this period. Today's performance indicates that it has outperformed its sector by 1.17%, with an intraday high of Rs 343.45. Despite a recent one-week decline of 2.16%, the stock has shown positive returns over the past month (+1.64%) and year-to-date (+15.26%). The company benefits from a high dividend yield of 4.64%, strong management efficiency with a return on capital employed (ROCE) of 15.97%, and healthy long-term growth in operating profit. However, it has faced challenges, including a significant profit decline of 49.7% over the past year.
Broader market context shows that while Bharat Petroleum's stock has experienced a short-term decline, it has outperformed the benchmark Sensex over the past month, which has decreased by 2.54%. The stock's performance is supported by high institutional holdings at 38.56%, indicating confidence from larger investors who have increased their stake. Despite the recent flat results in March and a notable drop in profits, the attractive valuation compared to peers and rising investor participation suggest a positive outlook for the stock. Overall, the combination of strong fundamentals and recent upward momentum contributes to the stock's rising price.