Why is Castrol India falling/rising?

As of 05-Aug, Castrol India Ltd. is experiencing a price increase, currently at Rs 222.10, reflecting a rise of 2.6 or 1.18%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 1.9% during this period. It has outperformed its sector by 0.57% today and is trading above all its moving averages, indicating strong short-term performance. However, there has been a decline in investor participation, with delivery volume dropping by 7.83% compared to the five-day average. The company boasts a high dividend yield of 5.92% and strong management efficiency, with a return on equity (ROE) of 42.39% and a low debt-to-equity ratio, which contribute positively to investor sentiment.
In the broader market context, Castrol India's recent performance contrasts favorably with the benchmark Sensex, which has declined by 0.77% over the past week. While the stock has gained 0.57% over the past month, the Sensex has fallen by 3.26% in the same timeframe, highlighting Castrol's relative strength. Additionally, with a significant market capitalization of Rs 21,721 crore and high institutional holdings at 25.24%, the stock is well-positioned within its sector, further supporting its upward price movement despite the overall market challenges.