Why is Kirloskar Oil falling/rising?

As of 16-Jul, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at Rs 944.75, reflecting a rise of Rs 33.0 or 3.62%. The stock has shown strong performance today, outperforming its sector by 3.46%, and reached an intraday high of Rs 957.05, which is a 4.97% increase. Over the past week, the stock has gained 13.33%, while its one-month return stands at 8.79%. Despite a year-to-date decline of 7.83% and a significant drop of 28.43% over the past year, the company has demonstrated healthy long-term growth with an annual operating profit increase of 38.05%. The stock is trading at a discount compared to its peers, supported by high institutional holdings at 35.72%, indicating confidence from larger investors. However, it faces challenges with a high debt-equity ratio of 1.89 and a recent decline in investor participation, as evidenced by a 57.03% drop in delivery volume.
Broader market context shows that while Kirloskar Oil has outperformed the Sensex by a notable margin in the short term, the broader market has generated a positive return of 1.02% over the past month. The stock's performance contrasts sharply with its one-year return of -28.43%, which is significantly lower than the BSE500's return of 0.47%. This underperformance in the longer term raises concerns, especially given the negative results reported in March 2025. Overall, the recent price increase appears to be driven by short-term positive sentiment and institutional confidence, despite the underlying challenges reflected in its longer-term performance metrics.