Why is I O C L falling/rising?

As of 23-Jul, Indian Oil Corporation Ltd's stock price is currently at 152.30, reflecting an increase of 0.4, or 0.26%. The stock has been gaining for the last three days, with a total return of 1.5% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 103.38% compared to the 5-day average. However, it is important to note that the stock has underperformed its sector by 0.47%. While the stock has experienced a decline of 8.17% over the past year, it has shown strong long-term growth potential with an annual operating profit growth rate of 24.01% and a favorable valuation compared to its peers.
In the broader market context, Indian Oil Corporation Ltd's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.11% over the past week, while IOC's stock rose by 0.16%. Year-to-date, IOC has delivered a return of 11.66%, significantly higher than the Sensex's 5.87%. The high institutional holdings at 37.35% suggest that knowledgeable investors are backing the stock, which may contribute to its stability despite recent profit declines of 71.4%. This combination of factors indicates that while the stock may face challenges, its recent upward movement is supported by strong fundamentals and positive investor sentiment.