Why is C P C L falling/rising?

As of 16-Jul, Chennai Petroleum Corporation Ltd's stock price is currently at 749.25, reflecting an increase of 6.7, or 0.9%. The stock has been gaining momentum, having outperformed its sector by 0.79% today and achieving a consecutive gain over the last three days, with a total return of 4.05% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The recent rise in delivery volume by 48.34% against the 5-day average suggests increased investor interest. Despite a significant decline of 38.24% over the past year, the company boasts a high dividend yield of 7.41% and strong management efficiency with a return on capital employed (ROCE) of 23.43%, which may attract investors looking for value.
In the broader market context, the stock has shown a 1.46% increase over the past week, contrasting with a decline of 1.08% in the Sensex, indicating relative strength against the benchmark. While the stock has underperformed over the last year, it has demonstrated healthy long-term growth with an annual operating profit increase of 16.57%. However, the recent decrease in institutional investor participation, which has fallen by 1.55%, raises concerns about the stock's stability and future performance. Overall, the combination of short-term gains, high dividend yield, and management efficiency contributes to the stock's rising price, despite the backdrop of a challenging year and reduced institutional interest.