Why is MOIL falling/rising?

As of 22-Jul, MOIL Ltd. is experiencing a rise in its stock price, currently at Rs 388.65, reflecting an increase of Rs 6.7 or 1.75%. The stock has shown strong performance today, outperforming its sector by 1% and reaching an intraday high of Rs 396, which is a 3.68% increase. Over the past week, MOIL has gained 3.82%, and over the past month, it has risen by 7.50%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 13.79% compared to the 5-day average. Institutional investors have increased their stake by 1.88%, now holding 12.79% of the company, which suggests a growing confidence in MOIL's fundamentals.
In the broader market context, MOIL's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 0.47% over the past week and 0.27% over the past month. This indicates that while MOIL is gaining traction, the overall market sentiment may be weaker. Year-to-date, MOIL has outperformed the Sensex significantly, with a return of 17.26% compared to the benchmark's 5.18%. This divergence highlights MOIL's relative strength in a challenging market environment, supported by its low debt-to-equity ratio and increased institutional interest, which may be contributing to its rising stock price.