Why is I O C L falling/rising?

As of 12-Nov, Indian Oil Corporation Ltd's stock price is currently at Rs. 172.20, reflecting a decrease of -0.25 (-0.14%). Despite this slight decline, the stock has shown strong performance over the past week, with a return of +1.74%, and has outperformed the benchmark Sensex, which gained +1.21%. The stock recently hit a new 52-week high of Rs. 174.45, but it has underperformed its sector by -1.15% today and has experienced a trend reversal after three consecutive days of gains. The stock is trading above all its moving averages, indicating a generally positive trend, and there has been a rise in investor participation, with delivery volume increasing by 0.97% against the five-day average.
In the broader market context, while the stock has seen a decline today, it has delivered impressive returns over longer periods, including a year-to-date increase of +26.25% compared to the Sensex's +8.10%. The company's strong fundamentals, highlighted by a significant growth in net sales and operating profit, along with a high return on capital employed (ROCE) and attractive valuation metrics, suggest a solid long-term outlook. Additionally, the high institutional holdings at 37.7% indicate confidence from sophisticated investors. Overall, while the stock is facing a minor setback today, its robust performance over the past months and positive financial indicators support a generally favorable investment sentiment.