Why is I O C L falling/rising?

As of 07-Jul, Indian Oil Corporation Ltd (IOC) is experiencing a price increase, currently at Rs 153.70, reflecting a rise of Rs 2.05 or 1.35%. The stock has shown strong performance recently, with a consecutive gain over the last two days and a total return of 3.99% during this period. Additionally, the stock has outperformed its sector by 0.75% today and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company also boasts a high dividend yield of 4.62%, which may attract investors. Despite a negative return of -10.20% over the past year, the stock's long-term growth potential is supported by a healthy operating profit growth rate of 24.01% and a favorable valuation compared to its peers.
In the broader market context, IOC's short-term return of +4.59% over the past week significantly outpaces the Sensex, which has declined by 0.20% during the same period. This indicates that investor sentiment towards IOC is relatively strong compared to the overall market. The stock's high institutional holdings at 36.94% suggest that knowledgeable investors are confident in the company's fundamentals, which may further bolster its price. However, it is important to note that while the stock has shown positive short-term movements, the significant drop in profits over the past year could be a concern for some investors.