Why is Cont. Petroleums falling/rising?

As of 18-Sep, Continental Petroleums Ltd is experiencing a price increase, currently at Rs 114.00, reflecting a rise of 3.2 or 2.89%. The stock has shown strong performance in recent days, gaining for three consecutive days with a total return of 5.56% during this period. It outperformed its sector by 3.29% today and reached an intraday high of Rs 114.8. Despite a slight decline in profits over the past year, the stock's attractive valuation, trading at a discount compared to peers, and a solid return on capital employed (ROCE) of 21.6 contribute positively to its recent upward movement. However, the stock's long-term fundamental strength is questioned due to a significant drop in profit after tax and low net sales in the latest quarter.
In the broader market context, the stock has outperformed the benchmark Sensex, which has only generated a return of 1.80% over the past week, compared to Continental Petroleums' 3.83% increase. While the stock has shown resilience with a 9.62% return over the past year, the overall market (BSE500) has faced negative returns of -1.96% in the same timeframe. This contrast highlights the stock's ability to attract investor interest despite broader market challenges, suggesting a strong market position relative to its peers.