Why is HPCL falling/rising?

As of 30-Jun, Hindustan Petroleum Corporation Ltd. is currently priced at 437.95, reflecting a decrease of 1.15 or 0.26%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. Despite this decline, HPCL has outperformed its sector by 0.4% today and is trading above all key moving averages, indicating a strong underlying trend. Over the past week, the stock has risen by 11.35%, and it has shown impressive returns over longer periods, including a 31.87% increase over the past year. Positive factors contributing to its performance include a high dividend yield of 3.76%, strong institutional holdings at 36.12%, and healthy long-term growth metrics, although it is noted that profits have fallen by 57.9% over the past year.
In the broader market context, HPCL's short-term performance has significantly outpaced the Sensex, which has only increased by 2.09% over the past week. This indicates that while the stock is currently experiencing a slight decline, it has been on a strong upward trajectory relative to the market. The stock's ability to maintain a high dividend yield and strong institutional support suggests that investor confidence remains robust, despite the recent price drop. Overall, while HPCL is facing a minor setback today, its long-term growth prospects and recent performance metrics remain favorable compared to the broader market.