Why is Gulf Oil Lubric. falling/rising?

As of 16-Sep, Gulf Oil Lubricants India Ltd is currently priced at 1,313.40, reflecting an increase of 10.85 or 0.83%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and reached an intraday high of Rs 1,331.2, which is a 2.2% increase. Despite this upward movement, the stock has underperformed its sector by 0.26%. Over the past week, Gulf Oil has outperformed the Sensex with a return of 2.45% compared to the benchmark's 1.58%, and it has also shown significant gains over the past month with a return of 13.04% against the Sensex's 2.21%. The company boasts a high management efficiency with a return on equity (ROE) of 23.37% and a low debt-to-equity ratio, contributing to its attractive valuation.
In the broader market context, Gulf Oil's recent performance indicates a strong position relative to its peers, as it is trading above all key moving averages. However, the stock's delivery volume has decreased by 20.78% compared to the five-day average, suggesting a decline in investor participation. Despite a one-year return of -4.85%, the company's profits have increased by 13.4%, indicating underlying strength. The stock's PEG ratio of 1.3 and its substantial market capitalization of Rs 6,441 crore further support its valuation relative to the industry. Overall, while Gulf Oil has shown resilience and positive returns in the short term, the recent drop in investor participation may temper its upward momentum.