Why is C P C L falling/rising?

As of 04-Jul, Chennai Petroleum Corporation Ltd's stock price is rising, currently at 771.05, reflecting an increase of 58.75 or 8.25%. The stock has shown strong performance today, outperforming its sector by 7.3% and achieving a consecutive gain over the last four days with a total return of 13.46%. It reached an intraday high of Rs 781, and is trading above its moving averages across various time frames. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 42.39% against the five-day average. The company also boasts a high dividend yield of 7.72%, which contributes positively to its attractiveness despite a challenging year where profits have fallen significantly.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 13.26% and 17.14%, respectively, while the Sensex has seen declines and modest gains. However, over the past year, the stock has underperformed the market, generating a negative return of -20.12% compared to the Sensex's positive return of 4.23%. Despite this, the stock's high management efficiency, attractive valuation, and healthy long-term growth prospects suggest a potential for recovery, even as it grapples with recent profit declines and flat results.