Why is Cont. Petroleums falling/rising?

As of 23-Sep, Continental Petroleums Ltd is experiencing a price increase, currently at Rs 111.80, reflecting a change of 1.45 (1.31%) upward. The stock has shown strong performance today, outperforming its sector by 2.06% and achieving a consecutive gain over the last two days with a total return of 2.19%. It opened with a significant gain of 3.22% and reached an intraday high of Rs 113.9. Over the past year, the stock has generated a return of 9.13%, 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' average historical valuations. However, it is important to note that the stock has shown weak long-term fundamental strength, with a 15.76% compound annual growth rate (CAGR) in operating profits over the last five years.
Broader market context indicates that while the stock has performed well, the broader market, represented by the BSE500, has generated negative returns of -4.69% over the past year. In the short term, the stock has outperformed the benchmark, with a weekly return of +2.57% compared to the Sensex's -0.34%. This suggests that investor sentiment towards Continental Petroleums Ltd remains positive, particularly in light of rising investor participation and liquidity, as evidenced by a significant increase in delivery volume. Despite the overall market challenges, the stock's ability to maintain positive returns highlights its resilience and attractiveness to investors.