Why is I O C L falling/rising?

As of 30-Jul, Indian Oil Corporation Ltd's stock price is currently at 149.15, reflecting an increase of 1.3, or 0.88%. The stock has been gaining for the last three days, with a total return of 1.46% during this period. Despite a recent decline of 2.07% over the past week, the stock has shown a positive return of 1.50% over the last month. However, it has underperformed significantly over the past year with a return of -18.50%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Notably, there has been a decline in investor participation, with delivery volume falling by nearly 60% compared to the 5-day average. The stock's long-term growth potential is supported by a healthy operating profit growth rate of 24.01% annually, and it is trading at a discount relative to its peers, despite a significant drop in profits over the past year.
In the broader market context, the stock has outperformed the sector by 1.17% today, while the benchmark Sensex has declined by 1.50% over the past week. The stock's year-to-date performance of +9.35% also surpasses the Sensex's +4.28%. High institutional holdings at 37.35% indicate strong confidence from investors who are typically more adept at analyzing company fundamentals. However, the significant drop in profits and the recent decline in delivery volumes suggest caution among retail investors, which may impact future price movements. Overall, while the stock has shown some positive short-term momentum, the long-term outlook remains mixed due to its recent performance and declining investor participation.