Why is Cont. Petroleums falling/rising?

As of 24-Sep, Continental Petroleums Ltd is experiencing a price increase, currently at Rs 116.00, reflecting a rise of 4.2 points or 3.76%. The stock has shown strong performance today, outperforming its sector by 3.72% and achieving a consecutive gain over the last three days with a total return of 6.03%. It opened with a gain of 2.59% and reached an intraday high of Rs 116. The stock's returns over the past week and month are positive at 4.69% and 4.65%, respectively, while it has generated an 11.32% return over the past year, significantly outperforming the broader market, which has seen negative returns of -3.77%. However, there are concerns regarding falling investor participation, as delivery volume has decreased by 41.87% compared to the five-day average.
Broader Market Context: In the context of the broader market, the stock's recent performance stands out, especially given that the Sensex has declined by 1.18% over the past week. Despite a challenging market environment where the BSE500 has generated negative returns of -5.32% in the last year, Continental Petroleums Ltd has managed to maintain a positive trajectory. This resilience is partly attributed to its attractive valuation metrics, including a return on capital employed (ROCE) of 21.6 and trading at a discount compared to peers. However, the company faces challenges with declining profits and weak long-term fundamental strength, which could impact future performance.