Why is C P C L falling/rising?

As of 18-Nov, Chennai Petroleum Corporation Ltd's stock price is rising, currently at 1,092.00, reflecting an increase of 16.95 (1.58%). The stock has recently hit a new 52-week high of Rs. 1099.6 and has outperformed its sector by 1.74%. Over the past week, the stock has gained 5.82%, and in the last month, it has surged by 51.57%. The company has shown strong performance metrics, including a high return on capital employed (ROCE) of 21.83% and impressive growth in net sales and operating profit. Additionally, the stock's moving averages indicate a positive trend, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, it is important to note that the company has a high debt-to-equity ratio of 1.77, which could pose risks.
Broader market context shows that while the Sensex has increased by 0.96% over the past week, C P C L's performance significantly outpaces this benchmark. The stock's recent gains are indicative of strong investor confidence, as evidenced by a 40.2% increase in delivery volume compared to the 5-day average. The company's consistent performance over the past year, with a return of 91.92%, further highlights its market-beating capabilities. Overall, the combination of strong financial results, high management efficiency, and rising investor participation contributes to the stock's upward movement in the current market environment.