Why is Kirloskar Oil falling/rising?

As of 12-Nov, Kirloskar Oil Engines Ltd is experiencing a significant rise in its stock price, currently at 1,055.00, reflecting an increase of 109.85 or 11.62%. The stock has shown a positive trend today, having gained after five consecutive days of decline, and opened with a notable gain of 5.81%. It reached an intraday high of Rs 1,099.9, which is a 16.37% increase. Over the past week, the stock has outperformed its sector by 10.65%. However, there has been a decline in investor participation, with delivery volume dropping by 72.34% compared to the five-day average. Despite this, the stock is trading above all key moving averages, indicating a strong upward momentum.
In the broader market context, Kirloskar Oil's short-term performance over the past week shows a return of +3.95%, significantly outperforming the Sensex, which returned +1.21% in the same period. Over the last month, the stock has increased by 18.43%, while the Sensex has only risen by 2.38%. Although the stock has a year-to-date return of +2.93%, it lags behind the Sensex's +8.10% return. The substantial gains over three and five years, at +266.89% and +953.42% respectively, indicate a strong long-term performance compared to the benchmark. Overall, the combination of today's price movements and historical performance suggests a positive sentiment around Kirloskar Oil, despite the recent drop in trading volume.