Why is HPCL falling/rising?

As of 01-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a price increase, currently at 440.60, reflecting a change of 2.65 (0.61%) upward. The stock is trading close to its 52-week high, just 3.77% away from 457.2, and is performing well against its moving averages, being higher than the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite underperforming its sector by 0.68% today, HPCL has shown strong returns over various periods, including a 32.99% increase over the past year and a remarkable 192.09% rise over the last three years. The company has a high dividend yield of 3.77% and healthy long-term growth indicators, such as a 10.06% annual growth in net sales and a 35.33% increase in operating profit. However, it is important to note that while the stock has generated significant returns, its profits have fallen by 57.9% over the past year.
In the broader market context, HPCL's short-term performance of 8.51% over the past week significantly outpaces the Sensex's 2.00% increase, indicating strong relative strength. The stock's high institutional holdings at 36.12% suggest confidence from knowledgeable investors, which may contribute to its upward price movement. Additionally, HPCL's favorable ranking among the top companies by MarketsMojo and its attractive valuation compared to peers further bolster its appeal. However, the recent decline in investor participation, with delivery volume dropping by 66.28% against the 5-day average, could pose a concern for sustained momentum. Overall, the combination of strong fundamentals and positive market sentiment appears to be driving HPCL's stock price higher.