Why is Kirloskar Oil falling/rising?

As of 16-Sep, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at Rs 930.20, reflecting a rise of Rs 41.85 or 4.71%. The stock has shown strong performance today, outperforming its sector by 3.06% and achieving a consecutive gain over the last three days with a total increase of 4.83%. It reached an intraday high of Rs 970, indicating significant upward momentum. Despite a year-to-date decline of 9.25% and a one-year drop of 27.27%, the stock has demonstrated impressive long-term growth with a 290.76% increase over three years. The company's operating profit has grown at an annual rate of 50.07%, and it maintains a healthy return on capital employed (ROCE) of 14.2, suggesting attractive valuation metrics compared to peers.
In the broader market context, Kirloskar Oil's short-term return of 7.66% over the past week significantly outpaces the Sensex's return of 1.58%, indicating strong relative performance. However, the stock's delivery volume has decreased by 45.57% against the five-day average, suggesting a decline in investor participation, which could affect future price movements. The high institutional holdings at 35.68% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. Overall, while the stock is currently rising, the mixed signals from declining delivery volumes and past performance should be monitored closely.