Why is Kirloskar Oil falling/rising?

As of 17-Sep, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at 953.00, reflecting a rise of 22.8 or 2.45%. The stock has shown strong performance recently, gaining 7.4% over the last four days and outperforming its sector by 1.97%. It has also been trading above its moving averages across various time frames, indicating positive momentum. Despite a year-to-date decline of 7.02% and a significant drop of 26.18% over the past year, the company has demonstrated healthy long-term growth with an annual operating profit increase of 50.07%. High institutional holdings at 35.68% suggest confidence from knowledgeable investors, although the stock is currently trading at a discount compared to its peers.
In the broader market context, Kirloskar Oil's short-term return of 7.20% over the past week significantly outpaces the Sensex's return of 1.56%, highlighting its relative strength in the market. While the stock has faced challenges over the longer term, its recent performance and rising investor participation, evidenced by a substantial increase in delivery volume, indicate a positive shift in sentiment. Overall, the combination of strong recent gains, institutional support, and attractive valuations contributes to the stock's upward movement despite previous declines.