Why is Cont. Petroleums falling/rising?

As of 22-Sep, Continental Petroleums Ltd is currently priced at 111.20, reflecting an increase of 1.8 or 1.65%. The stock has outperformed its sector today by 2.02%, reaching an intraday high of Rs 115, which is a 5.12% increase. Over the past week, the stock has shown a return of +2.96%, while its performance over the past year has been notably strong at +12.87%, despite a slight decline in profits of -0.5%. The company has an attractive valuation with a return on capital employed (ROCE) of 21.6 and is trading at a discount compared to its peers. However, there are concerns regarding weak long-term fundamentals, as indicated by a -30.90% decline in profit after tax for the last nine months and the lowest net sales in a quarter at Rs 18.44 crore.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the BSE500 has generated negative returns of -3.80% over the past year. This indicates that while Continental Petroleums has managed to deliver positive returns, the overall market sentiment has been unfavorable. The stock's ability to outperform the sector today and its significant long-term gains of +119.76% over three years further highlight its resilience, despite falling investor participation and liquidity concerns.