Why is Kirloskar Oil falling/rising?

As of 24-Sep, Kirloskar Oil Engines Ltd is experiencing a price increase, currently at Rs 972.00, reflecting a rise of 17.3 points or 1.81%. The stock has outperformed its sector by 2.25% today and reached an intraday high of Rs 984.4, marking a 3.11% increase. Despite a year-to-date decline of 5.17% and a significant drop of 19.47% over the past year, the company shows healthy long-term growth potential with an annual operating profit growth rate of 50.07%. The stock is trading above all its moving averages, indicating positive momentum, although there has been a notable decrease in investor participation, with delivery volume falling by 76.78% compared to the 5-day average.
In the broader market context, Kirloskar Oil's short-term performance of +1.99% over the past week contrasts sharply with the Sensex, which has declined by 1.18% during the same period. This suggests that the stock is gaining traction despite a generally unfavorable market environment. The high institutional holdings at 35.68% indicate strong confidence from larger investors, who typically have more resources to analyze the company's fundamentals. However, the stock's recent performance is tempered by a decline in profits of 7% over the past year, which may raise concerns among some investors despite the attractive valuation compared to peers.