Why is Kirloskar Oil falling/rising?

As of 25-Aug, Kirloskar Oil Engines Ltd's stock price is currently at 974.75, reflecting an increase of 24.8, or 2.61%. The stock has shown a positive trend today, outperforming its sector by 3.21% and reversing a three-day decline. It reached an intraday high of Rs 988.8, indicating strong intraday performance. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a noted decline in investor participation, with delivery volume falling by 42.26% against the 5-day average. Despite a year-to-date decline of 4.90%, the stock has performed well over the longer term, with a 349.40% increase over the past three years, although it has underperformed in the last year with a return of -26.43%.
In the broader market context, Kirloskar Oil's recent performance contrasts with the Sensex, which has only increased by 0.45% over the past week. The stock's positive attributes include healthy long-term growth, as evidenced by a 50.07% annual growth rate in operating profit and a return on capital employed (ROCE) of 14.2, suggesting an attractive valuation. However, the company has faced challenges, including flat results in June and a high debt-equity ratio of 1.89 times. The stock's underperformance relative to the market over the past year, where it fell significantly more than the BSE500's -2.11%, indicates ongoing investor caution despite its strong institutional holdings at 35.68%.