Why is C P C L falling/rising?

As of 24-Jun, Chennai Petroleum Corporation Ltd (CPCL) is experiencing a decline in its stock price, currently at Rs 685.95, which reflects a decrease of Rs 18.05 or 2.56%. Today's price summary indicates that the stock has underperformed its sector by 2.09%, and it has fallen after two consecutive days of gains, touching an intraday low of Rs 677.75. Despite this recent downturn, CPCL has shown positive performance over the past week, with a return of +7.71%, and has outperformed the Sensex, which only gained +0.58%. However, over the past year, the stock has significantly underperformed with a return of -29.00%, coinciding with a substantial profit decline of -92.2%. The stock's high dividend yield of 7.81% and strong management efficiency, indicated by a high ROCE of 23.43%, suggest potential long-term growth, but the recent price movement reflects investor caution amid these challenges.
In the broader market context, CPCL's short-term performance of +7.71% over the past week stands in stark contrast to the Sensex's modest gain of +0.58%, highlighting its relative strength in the short term. However, the stock's year-to-date return of +9.47% compared to the Sensex's +5.01% indicates a stronger performance in the longer term as well. The liquidity of the stock, with a delivery volume increase of 546.89% against the 5-day average, suggests rising investor participation, which could provide some support for the stock despite its current decline. Overall, while CPCL has shown resilience in certain metrics, the recent price drop reflects a complex interplay of investor sentiment and underlying financial performance.