Why is MOIL falling/rising?

As of 03-Jul, MOIL Ltd. is currently priced at 391.30, reflecting an increase of 1.2 (0.31%). The stock has been gaining for the last two days, with a total return of 1.54% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 84.98% compared to the 5-day average. The company maintains a low average Debt to Equity ratio, which contributes to a stable financial outlook, and the majority of shareholders are promoters, suggesting confidence in the company's management.
In the broader market context, MOIL's short-term performance has outpaced the benchmark Sensex, which has declined by 0.62% over the past week while MOIL has gained 1.11%. Over the last month, MOIL's return of 7.97% also surpasses the Sensex's 3.10% increase. This relative strength indicates that MOIL is performing well compared to the overall market, which may attract further investor interest and support its rising stock price.