Why is C P C L falling/rising?

As of 18-Jul, Chennai Petroleum Corporation Ltd's stock price is rising, currently at 779.45, reflecting an increase of 34.15 or 4.58%. The stock has shown strong performance today, outperforming its sector by 4.62% and reaching an intraday high of Rs 788, which is a 5.73% increase. Over the past week, the stock has gained 8.24%, and in the last month, it has risen by 23.88%. Despite a significant drop of 36.17% over the past year, the stock's high dividend yield of 7.38% and attractive valuation metrics, such as a high return on capital employed (ROCE) of 23.43%, contribute positively to its recent price movement. However, there are concerns about falling investor participation, as delivery volume has decreased by 22.86% against the five-day average, which may indicate waning interest among investors.
Broader market context shows that while the stock has performed well in the short term, the benchmark Sensex has declined by 0.90% over the past week and only increased by 0.38% in the last month. This suggests that the stock's rise is not entirely reflective of broader market trends. Additionally, institutional investors have reduced their stakes by 1.55% in the last quarter, which may impact future price movements as these investors typically have more resources to analyze company fundamentals. Overall, while the stock is currently rising due to strong short-term performance and attractive valuation, the long-term outlook remains cautious due to recent underperformance compared to the market and declining institutional interest.