Why is HPCL falling/rising?

As of 16-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a rise in its stock price, currently at Rs 446.00, reflecting an increase of Rs 12.25 or 2.82%. The stock has shown strong performance today, outperforming its sector by 2.71% and gaining 3.75% over the last two days. It is also trading close to its 52-week high, just 2.51% away from Rs 457.2. The stock's returns over various periods indicate robust growth, with a 12.78% increase over the past month and a remarkable 181.80% rise over the last three years. Additionally, HPCL has a high dividend yield of 3.8%, and its trading volume has increased significantly, suggesting rising investor participation. The company's strong fundamentals, including a healthy long-term growth rate in net sales and operating profit, further bolster investor confidence.
In the broader market context, HPCL's short-term performance stands out against the benchmark, as it has gained 0.21% over the past week while the Sensex has declined by 1.08%. This indicates that HPCL is not only performing well in isolation but also demonstrating resilience compared to the overall market trend. The stock's high institutional holdings at 36.12% suggest that knowledgeable investors are backing the company, which can positively influence its price movement. Furthermore, HPCL's ranking among the top companies by MarketsMojo and its attractive valuation compared to peers contribute to its strong buy sentiment, reinforcing its upward trajectory in the current market environment.