Why is I O C L falling/rising?

As of 16-Jul, Indian Oil Corporation Ltd is experiencing a price increase, currently at 152.05, with a change of 0.7, representing a 0.46% rise. The stock has been gaining for the last two days, with a total return of 1.23% during this period. It has outperformed its sector by 0.35% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 63.92% compared to the 5-day average. Despite a year-over-year return of -10.93% and a significant profit drop of 71.4%, the stock's long-term growth potential is supported by a healthy operating profit growth rate of 24.01% and attractive valuation metrics, including a return on capital employed (ROCE) of 5.9 and high institutional holdings at 36.94%.
In the broader market context, the stock has shown a positive short-term return of 1.30% over the past week, contrasting with a decline of 1.08% in the Sensex, indicating that I O C L is performing better than the overall market. Over the past month, the stock has gained 7.19%, while the Sensex has only increased by 1.02%. This outperformance suggests that despite some negative factors, such as falling profits and reduced delivery volumes, the stock's strong fundamentals and institutional backing are contributing to its recent upward movement.