Why is C P C L falling/rising?

As of 27-Jun, Chennai Petroleum Corporation Ltd (CPCL) is experiencing a rise in its stock price, currently at 680.80, reflecting an increase of 10.45 or 1.56%. The stock has shown strong performance today, outperforming its sector by 0.5% and achieving consecutive gains over the last two days, with a total return of 1.95% during this period. Additionally, CPCL has touched an intraday high of Rs 688.45, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a noted decline in investor participation, with delivery volume falling by 8.87% compared to the 5-day average. Despite a significant drop in profits over the past year, the stock is considered to have a very attractive valuation and a high dividend yield of 8.1%, which may contribute positively to its recent price movement.
In the broader market context, CPCL's short-term return of +7.61% over the past week significantly outpaces the Sensex's return of +2.00% during the same period. While the stock has underperformed over the past month with a return of -0.63% compared to the Sensex's +3.07%, its year-to-date performance of +8.65% is still favorable relative to the benchmark's +7.58%. This indicates that, despite some challenges, CPCL is managing to maintain a competitive edge in the short term, supported by its high management efficiency and healthy long-term growth prospects.