Why is C P C L falling/rising?

As of 15-Jul, Chennai Petroleum Corporation Ltd's stock price is rising, currently at Rs 742.55, reflecting an increase of Rs 21.55 or 2.99%. The stock has outperformed its sector by 2.76% today and has shown a consecutive gain over the last two days, with a total return of 3.12% during this period. It has also touched an intraday high of Rs 748.9. Despite a significant drop in delivery volume by 59.75% compared to the 5-day average, the stock is trading above its moving averages across various time frames. The company boasts a high dividend yield of 7.63% and has demonstrated strong management efficiency with a return on capital employed (ROCE) of 23.43%. However, it is important to note that the stock has underperformed over the past year, with a return of -31.66%, and profits have significantly declined by 92.2%.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark, as it has gained 1.14% over the past week while the Sensex has declined by 1.36%. Year-to-date, the stock has risen by 18.50%, significantly outperforming the Sensex's 5.67% increase. Despite these positive short-term trends, the stock has seen a decrease in institutional investor participation, which may raise concerns about its long-term stability. The recent gains could be attributed to its attractive valuation compared to peers and a healthy operating profit growth rate, despite the risks posed by falling institutional stakes and a flat PAT in recent periods.