Why is Gulf Oil Lubric. falling/rising?

As of 23-Jun, Gulf Oil Lubricants India Ltd's stock price is currently at Rs 1,173.00, reflecting a decrease of Rs 31.3 or 2.6%. The stock opened lower today, with a gap down of 3.21%, and reached an intraday low of Rs 1,165.7. Despite this decline, the stock has shown a strong performance over the past year, generating a return of 15.95%, which is significantly higher than the market average. The company also boasts a high dividend yield of 3.32% and has demonstrated high management efficiency with a return on equity (ROE) of 23.37%. However, the stock is currently underperforming its sector by 2.2%, and its moving averages indicate a mixed performance relative to various time frames.
In the broader market context, Gulf Oil Lubricants has underperformed the benchmark Sensex in the short term, with a 1-week return of -3.77% compared to the Sensex's slight gain of 0.12%. This trend of underperformance is evident as the stock has also lagged behind the benchmark over the past month and year-to-date. While the company has a solid market position, being the second largest in its sector with a market cap of Rs 5,938 crore, the recent price drop may reflect broader market pressures or sector-specific challenges that are impacting investor sentiment.