Why is HPCL falling/rising?

As of 04-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a price increase, with its current price at 444.65, reflecting a rise of 8.2 or 1.88%. The stock has shown a positive performance today, outperforming its sector by 0.93% and gaining after two consecutive days of decline. It is currently trading close to its 52-week high, just 2.82% away from Rs 457.2. Over the past week, HPCL has generated a return of 1.26%, while its performance over the last month stands at 9.36%. The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 10.06% and operating profit at 35.33%. Additionally, HPCL has a high dividend yield of 3.78% and is trading at a discount compared to its peers, which contributes positively to investor sentiment.
In the broader market context, HPCL's short-term return of 1.26% over the past week contrasts with the Sensex, which has declined by 0.74% during the same period. This indicates that HPCL is performing well relative to the overall market. The stock's strong institutional holdings at 36.12% suggest confidence from larger investors who have the resources to analyze the company's fundamentals effectively. Despite a significant drop in profits over the past year, HPCL's consistent returns and high ratings among its peers bolster its attractiveness to investors, further supporting its recent price increase.