Why is HPCL falling/rising?

As of 07-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a price increase, currently at Rs 446.75, reflecting a rise of 2.1 (0.47%). The stock has been gaining for the last two days, with a total return of 2.36% during this period. It is trading close to its 52-week high, just 2.34% away from Rs 457.2, and is performing well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in delivery volume, which fell by 27.19% against the 5-day average, the stock's strong fundamentals, including a high dividend yield of 3.71% and consistent long-term growth in net sales and operating profit, contribute positively to its recent upward movement. Additionally, HPCL's high institutional holdings at 36.12% indicate strong confidence from knowledgeable investors.
In the broader market context, HPCL's performance over the past week shows a return of +2.01%, significantly outperforming the Sensex, which declined by 0.20%. Over the last month, HPCL has also outperformed the benchmark, with a return of +9.82% compared to the Sensex's +1.53%. This trend of consistent returns over the past three years, along with a strong ranking among large-cap stocks, suggests that HPCL is well-positioned in the market despite a backdrop of fluctuating investor participation. The company's attractive valuation relative to peers and its ability to generate substantial returns further enhance its appeal to investors, contributing to the stock's rising price.