Why is Confidence Petro falling/rising?

As of 30-Jun, Confidence Petroleum India Ltd's stock price is currently at Rs 52.21, reflecting an increase of 1.71 (3.39%). Today, the stock has shown a positive trend, gaining after two consecutive days of decline and opening with a gain of 2.95%. It reached an intraday high of Rs 53.19, marking a 5.33% increase. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 25.52% and a one-year return of -35.93%. However, the company demonstrates strong financial health with a low Debt to EBITDA ratio of 0.97 times and positive operating results, including the highest operating profit to interest ratio at 4.36 times and net sales reaching Rs 924.81 crore.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 2.09% over the past week and 7.00% year-to-date. This indicates that while Confidence Petroleum has experienced a short-term rebound, it continues to lag significantly behind the market averages in the longer term. The rising investor participation, evidenced by a 937.55% increase in delivery volume, suggests growing interest despite the stock's overall negative performance. The attractive valuation compared to peers may also contribute to the stock's potential for recovery, even as it trades below its moving averages.