Why is Confidence Petro falling/rising?

As of 02-Sep, Confidence Petroleum India Ltd is currently priced at 48.84, reflecting an increase of 0.84 or 1.75%. The stock has shown a positive trend recently, gaining 2.99% over the last two days and outperforming its sector by 1.6%. However, despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date decline of 30.33% and a one-year return of -44.52%. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 0.97 times and significant growth in net sales and profit after tax over the last six months. Nevertheless, there is a concerning trend of falling investor participation, particularly among institutional investors, who have reduced their stake by 1.72% in the previous quarter.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.91% over the past week while the Sensex has declined by 0.78%. This indicates that Confidence Petroleum is currently outperforming the broader market. However, the stock's long-term performance remains a concern, as it has lagged behind the BSE500 over various time frames, including the last three years and one year. The combination of strong recent performance and solid financial metrics, alongside declining institutional interest and long-term underperformance, creates a complex picture for investors considering the stock's future trajectory.