Why is HPCL falling/rising?

As of 23-Jul, Hindustan Petroleum Corporation Ltd. (HPCL) is experiencing a price increase, currently at 434.50, reflecting a rise of 5.45 or 1.27%. Today's price summary indicates that HPCL has outperformed its sector by 0.54%, with a notable increase in delivery volume, which rose by 12.37% compared to the 5-day average. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Over the past month, HPCL has shown a strong return of 10.48%, significantly outperforming the Sensex's 1.01% gain, and has generated a remarkable 25.49% return over the past year despite a decline in profits. The company is also characterized by a high dividend yield of 3.85%, which adds to its attractiveness for investors.
In the broader market context, while HPCL's short-term performance has been less favorable compared to the benchmark, its long-term growth prospects remain strong, supported by healthy net sales growth and impressive quarterly results. The stock's high institutional holdings at 36.12% suggest confidence from knowledgeable investors, which can positively influence market sentiment. Additionally, HPCL's ranking among the top companies by MarketsMojo and its consistent returns over the last three years further bolster its appeal. Overall, the combination of strong fundamentals, attractive valuations, and positive investor participation contributes to the stock's upward movement.