Why is I O C L falling/rising?

As of 22-Jul, Indian Oil Corporation Ltd (IOC) is experiencing a price increase, currently at 151.90, reflecting a rise of 0.9 or 0.6%. The stock has outperformed its sector today by 1.28% and has shown a consecutive gain over the last two days, with a total return of 1.23% during this period. Additionally, IOC is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is important to note that the delivery volume has decreased by 34.79% compared to the 5-day average, suggesting a decline in investor participation. Despite a negative return of -9.61% over the past year, the company has shown healthy long-term growth with an annual operating profit increase of 24.01%, and it is trading at a discount compared to its peers.
In the broader market context, IOC's short-term performance of +0.36% over the past week contrasts with the Sensex, which has declined by 0.47%. This indicates that IOC is performing better than the overall market in the short term. The stock's high institutional holdings at 37.35% suggest that knowledgeable investors are backing the company, which may contribute to its stability and recent price increase. However, the significant drop in profits by 71.4% over the past year raises concerns, even as the stock maintains an attractive valuation with a return on capital employed (ROCE) of 5.9.