Why is Castrol India falling/rising?

As of 01-Jul, Castrol India Ltd. is experiencing a price increase, currently at Rs 224.65, reflecting a rise of Rs 2.95 or 1.33%. The stock has shown strong performance recently, with an 8-day consecutive gain resulting in a total return of 9.27% during this period. It has outperformed its sector by 0.5% today and has reached an intraday high of Rs 229.4. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company also boasts a high dividend yield of 5.86%, and there has been a significant increase in investor participation, with delivery volume rising by 190.98% compared to the 5-day average. The stock's performance over various time frames shows a 7.00% increase over the past week and a 13.86% rise year-to-date, which is notably higher than the benchmark Sensex's respective increases of 2.00% and 7.11%.
In the broader market context, Castrol India's recent performance has significantly outpaced the benchmark Sensex, particularly in the short term, where it has gained 7.00% compared to the Sensex's 2.00% over the past week. The company's strong fundamentals, including a high return on equity (ROE) of 42.39%, a low debt-to-equity ratio, and high institutional holdings at 25.22%, contribute to investor confidence and support the stock's upward movement. Furthermore, Castrol India is the largest company in its sector, commanding a market cap of Rs 21,929 crore, which constitutes 56.80% of the entire sector, and its annual sales represent 29.93% of the industry. These factors collectively enhance its attractiveness to investors, reinforcing the stock's rising trend.