Why is Kirloskar Oil falling/rising?

As of 29-Jul, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at 921.00, which reflects a rise of 12.75 or 1.4%. Today's performance indicates that the stock has outperformed its sector by 0.93% and has gained after two consecutive days of decline. It is trading above all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there has been a notable decrease in investor participation, with delivery volume dropping by 24.84% compared to the 5-day average. Despite a year-to-date decline of 10.15% and a significant 24.58% drop over the past year, the company has shown healthy long-term growth with an annual operating profit increase of 38.05%. The stock is also trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Kirloskar Oil's short-term performance has been more favorable than the benchmark, with a 1-week return of +1.37% compared to the Sensex's -1.03%. While the stock has underperformed over the past year, its high institutional holdings at 35.68% suggest that knowledgeable investors are still confident in its fundamentals. However, the company faces challenges, including a high debt-equity ratio of 1.89 times and a recent negative PAT growth of -24.82%. These factors contribute to a mixed outlook, as the stock's recent rise may be driven by short-term trading dynamics rather than a complete turnaround in its longer-term performance.