Why is I O C L falling/rising?

As of 22-Sep, Indian Oil Corporation Ltd (IOC) is experiencing a slight decline in its stock price, currently at 148.30, reflecting a decrease of 0.2 or 0.13%. Despite this minor drop, the stock has shown strong performance over the past week and month, with returns of 2.99% and 5.97%, respectively. Today's price summary indicates that IOC has outperformed its sector by 0.7%, although it has experienced a trend reversal after five consecutive days of gains. The stock is trading above its moving averages across various time frames, and there has been a significant increase in investor participation, with delivery volume rising by 78.35% compared to the five-day average. Additionally, while the stock has generated a negative return of -11.33% over the past year, it has shown healthy long-term growth potential, with net sales and operating profit increasing significantly.
In the broader market context, IOC's recent performance contrasts with the Sensex, which has only increased by 0.46% over the past week. This indicates that IOC has been outperforming the benchmark in the short term. The stock's attractive valuation, supported by high institutional holdings at 37.35%, suggests that knowledgeable investors are confident in its fundamentals, despite the recent decline in profits. The company's strong growth metrics, including a substantial increase in profit before tax and profit after tax compared to previous quarters, further bolster its long-term outlook, even as it faces short-term price fluctuations.