Why is Castrol India falling/rising?

As of 23-Jul, Castrol India Ltd. is experiencing a price increase, currently at Rs 228.70, reflecting a rise of Rs 8.8 or 4.0%. The stock has shown a positive trend today, outperforming its sector by 1.91% and reversing a three-day decline. It reached an intraday high of Rs 229.7, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 2.33%, and over the past month, it has increased by 10.22%. Despite a year-over-year decline of 7.24%, the stock has demonstrated strong performance over longer periods, with a 108.10% increase over three years. Factors contributing to this rise include high management efficiency indicated by a return on equity of 42.39%, a low debt-to-equity ratio, and significant institutional holdings at 25.24%, which suggest confidence from knowledgeable investors.
In the broader market context, Castrol India’s short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.11% over the past week. The lubricants sector overall has gained by 2.1%, indicating a positive environment for the industry. However, there is a note of caution as investor participation has decreased, with delivery volume falling by 14.78% against the 5-day average. Despite this, the stock's high dividend yield of 5.91% and its substantial market capitalization of Rs 21,751 crore, which constitutes 56.69% of the sector, provide a solid foundation for its current price movement.