Why is Gulf Oil Lubric. falling/rising?

As of 11-Sep, Gulf Oil Lubricants India Ltd is experiencing a rise in its stock price, currently at Rs 1,313.00, reflecting an increase of Rs 26.0 or 2.02%. The stock has shown strong performance today, outperforming its sector by 1.06% and achieving a consecutive gain over the last four days, resulting in a total return of 4.86% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a slight decline in delivery volume, the company maintains high management efficiency with a return on equity (ROE) of 23.37% and a low debt-to-equity ratio, contributing to its attractive valuation relative to peers.
In the broader market context, Gulf Oil Lubricants has outperformed the benchmark Sensex over the past week and month, with returns of 3.59% and 11.93%, respectively, compared to the Sensex's 1.03% and 1.17%. This strong performance highlights the stock's resilience and appeal amidst market fluctuations. While the stock has underperformed over the past year with a return of -1.71%, its profits have increased by 13.4%, suggesting underlying strength. The company's significant market capitalization and contribution to the sector further bolster investor confidence, supporting the recent upward price movement.