Why is MOIL falling/rising?

As of 30-Jun, MOIL Ltd. is currently priced at 387.65, reflecting an increase of 2.7 or 0.7%. The stock has shown strong performance recently, outperforming its sector by 0.85% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 4.76%, and year-to-date, it has increased by 16.96%. However, there has been a decline in investor participation, with delivery volume falling by 5.56% against the 5-day average. The company maintains a low debt-to-equity ratio, which is favorable for its financial stability, and the majority of shares are held by promoters, suggesting confidence in the company's future.
In the broader market context, MOIL's short-term return of 4.76% over the past week significantly outpaces the Sensex's return of 2.09%, highlighting its strong performance relative to the benchmark. Additionally, the stock's year-to-date performance of 16.96% is more than double the Sensex's 7.00% increase, further emphasizing its resilience in the market. Despite the recent drop in delivery volumes, the overall liquidity remains sufficient for trading, which may contribute to continued investor interest in the stock.