Why is C P C L falling/rising?

As of 10-Jul, Chennai Petroleum Corporation Ltd is currently priced at 733.25, reflecting a decrease of 5.25, or 0.71%. The stock has shown a positive performance over the past week and month, with returns of 2.94% and 9.67%, respectively, while it has underperformed the sector today by 0.67%. Despite trading above its moving averages across various time frames, the stock has experienced a significant drop in investor participation, with delivery volume falling by 47.58% compared to the 5-day average. The company boasts a high dividend yield of 7.45%, and while it has a strong management efficiency indicated by a high ROCE of 23.43%, its profits have plummeted by 92.2% over the past year, contributing to a substantial year-on-year decline of 27.24%.
In the broader market context, the Sensex has remained relatively flat with a slight decline of 0.06% over the past week, contrasting with CPCL's positive short-term return. While CPCL has outperformed the benchmark in the short term, the overall negative sentiment surrounding the stock due to its significant profit drop and high valuation concerns may be influencing its current price movement. The stock's attractive valuation compared to peers and healthy long-term growth prospects could provide some support, but the recent underperformance and declining investor interest suggest caution among investors.