Why is Kirloskar Oil falling/rising?

As of 14-Jul, Kirloskar Oil Engines Ltd's stock price is currently at 922.00, reflecting an increase of 5.2, or 0.57%. The stock has shown strong performance recently, with a 1-week return of +8.81%, significantly outperforming the Sensex, which declined by 1.42% during the same period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume on July 11 rose by 270.88% compared to the 5-day average, suggesting increased investor interest. Despite a year-to-date decline of -10.05%, the company's operating profit has grown at an annual rate of 38.05%, and it maintains a healthy return on capital employed (ROCE) of 14.2, contributing to its attractive valuation relative to peers.
In the broader market context, while Kirloskar Oil has outperformed the Sensex in the short term, it has still faced challenges over the past year, with a return of -31.03% compared to the Sensex's +2.15%. The stock's high institutional holdings at 35.72% indicate confidence from larger investors, who typically have more resources to analyze company fundamentals. This institutional backing, combined with the company's steady profit growth and favorable valuation metrics, supports the stock's recent upward movement amidst a generally challenging market environment.