Why is Kirloskar Oil falling/rising?

As of 19-Sep, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at 963.15, which reflects a rise of 22.15 or 2.35%. The stock has shown strong performance today, outperforming its sector by 2.59% and reaching an intraday high of Rs 968.5, marking a 2.92% increase. Over the past week, the stock has gained 8.46%, while its performance over the last month is relatively flat at 0.33%. Despite a year-to-date decline of 6.03% and a significant drop of 21.89% over the past year, the stock has demonstrated impressive long-term growth, with a 295.95% increase over three years. The company has a healthy operating profit growth rate of 50.07% annually and maintains a strong return on capital employed (ROCE) of 14.2, indicating attractive valuation metrics. However, it is important to note that delivery volume has decreased by 44.5% compared to the five-day average, suggesting a decline in investor participation.
In the broader market context, Kirloskar Oil's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.88% over the past week. While the stock's long-term returns have lagged behind the benchmark, with a 21.89% decline compared to a slight drop of 0.67% for the Sensex over the past year, the recent upward movement may be attributed to its strong fundamentals and high institutional holdings at 35.68%. These institutional investors are typically better equipped to analyze the company's fundamentals, which may contribute to the stock's resilience and recent price increase despite the overall market challenges.