Why is Confidence Petro falling/rising?

As of 01-Sep, Confidence Petroleum India Ltd is currently priced at 48.00, reflecting an increase of 0.58, or 1.22%. The stock has shown a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent inline performance with the sector, the stock has experienced a significant decline of 31.53% year-to-date and a staggering 46.32% over the past year. On a positive note, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.97 times and impressive net sales growth of 44.61% over the last six months, which may contribute to the recent uptick in price.
In the broader market context, the stock's short-term performance has been underwhelming compared to the benchmark, with a 2.50% decline over the past week versus a 1.56% drop in the Sensex. Additionally, there has been a decrease in institutional investor participation, which may negatively impact market sentiment. Despite the stock's attractive valuation and rising investor participation indicated by a 44.68% increase in delivery volume, the overall long-term performance remains concerning, as it has underperformed relative to the BSE500 over various time frames. This mixed performance suggests that while there are positive indicators, the stock still faces significant challenges in regaining investor confidence.