Why is Kesar Petroprod. falling/rising?

As of 01-Aug, Kesar Petroproducts Ltd is experiencing a price increase, currently at Rs 28.80, reflecting a rise of 1.1 or 3.97%. Today's price summary indicates that the stock has outperformed its sector by 2.59% and has shown a trend reversal after two consecutive days of decline. Although it opened with a loss of 2.49%, it reached an intraday high of Rs 28.80. The stock's performance over the past week shows a gain of 1.59%, while it has significantly outperformed the benchmark Sensex, which has declined by 1.06% over the same period. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 41.56%, and it has reported positive results for the last six consecutive quarters, contributing to its recent price movement.
Broader market context reveals that while Kesar Petroproducts has generated a remarkable 52.79% return over the past year, the broader market, represented by the BSE500, has faced negative returns of 4.13%. This stark contrast highlights the stock's resilience and ability to attract investor interest despite a challenging market environment. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 38.23% against the five-day average, which could indicate potential caution among investors. Overall, the stock's recent rise can be attributed to its strong financial performance and market-beating returns, despite some short-term volatility and reduced trading activity.